TCR_Public/150818.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, August 18, 2015, Vol. 19, No. 230

                            Headlines

21ST CENTURY ONCOLOGY: Reports Second Quarter 2015 Results
5255 HOLDINGS: Case Summary & Largest Unsecured Creditor
ADELPHIA RECOVERY: Seeks Court Approval to Extend Trust Term
ALLIED SYSTEMS: Aug. 31, 2015 Deadline for Admin. Expense Requests
ALONSO & CARUS: BPPR Says GlassRatner Too Pricey as Panel Advisor

ALONSO & CARUS: Committee Objects to Use of Cash Collateral
ALONSO & CARUS: Court Denies Triple S Steel Bid to Form Committee
ALTEGRITY INC: Bankruptcy Judge Confirms Plan
ALTEGRITY INC: Court Issues Order Confirming Ch. 11 Plan
AMERICAN MEDIA: Reports $24 Million Net Income in June 30 Qtr.

ANNA'S LINEN: Court Orders Additional Adequate Protection to Excel
AURORA DIAGNOSTICS: Posts $47.3 Million Net Loss in Q2
BAHA MAR: China Ex-Im Bank Says Bahamas Ruling Kills Ch. 11
BAHA MAR: Hires Glaser Weil as Special Litigation Counsel
BAHA MAR: Taps Prime Clerk as Administrative Advisor

BIOFUELS POWER: Reports $433,500 Net Loss in Half Year 2015
BLUE'S EXPRESS: Case Summary & 18 Largest Unsecured Creditors
BMB MUNAI: Incurs $10,480 Net Loss in June 30 Quarter
BOOMERANG TUBE: Amends Schedules of Assets and Liabilities
BROADWAY FINANCIAL: Reports $1.1 Million Net Income for Q2

CAESARS ENTERTAINMENT: Low-Ranking Creditors Sue Lenders
CAMP INT'L: Moody's Cuts Corp Family Rating to Caa1, Outlook Stable
CANCER GENETICS: Announces Strong Second Quarter 2015 Results
CARETRUST REIT: S&P Revises Outlook to Positive & Affirms 'B' CCR
CHRYSLER GROUP: 6th Circ. Urged Not to Revive Execs' Age Bias Claim

CICERO INC: Incurs $701,000 Net Loss in Second Quarter
COATES INTERNATIONAL: Incurs $4 Million Net Loss in 2nd Quarter
COLT DEFENSE: Aug. 19 Hearing on Committee Bid to Retain Kilpatrick
COLT DEFENSE: Committee Taps Klehr Harrison as Delaware Co-Counsel
COLT DEFENSE: Keith A. Maib Okayed as Chief Restructuring Officer

COLT DEFENSE: Perella Weinberg Approved as Financial Advisor
CORD BLOOD: RBSM LLP Replaces De Joya as Accountants
CORPORATE RESOURCE: Can Use Cash Collateral Until Aug. 20
CORPORATE RESOURCE: Owes $1.3-Mil. in Wages to Employees
CORPORATE RESOURCE: Proposes to Sell Accounts Receivables

CORPORATE RESOURCE: Seeks to Sell Ownership Interests in Abest
CROWN CASTLE: Moody's Raises CFR to Ba1, Outlook Stable
DEL MONTE FOODS: S&P Affirms 'B' CCR, Outlook Remains Negative
DORAL FINANCIAL: HCL Seeks Release of $282K Security Deposit
DRYDEN ADVISORY: Durham Objection to Cash Collateral Use Sustained

DUNE ENERGY: Whitebox Advisors Reports 5% Equity Stake
EDGEWELL PERSONAL: S&P Lowers CCR to 'BB+', Outlook Stable
EL PASO CHILDREN'S: Judge Denies Exclusivity Extension Request
ENDEAVOUR INT'L: Aug. 24 Hearing on Sale to Lenders, Case Dismissal
ENDEAVOUR INT'L: Judge to Hold Hearing on Asset Sale on Aug. 24

EPWORTH VILLA: Amends Schedules of Assets and Liabilities
EXELIXIS INC: Incurs $43.3 Million Net Loss in Second Quarter
F-SQUARED INVESTMENT: Can Hire Stillwater Advisory as CRO
F-SQUARED INVESTMENT: Judge Approves Deadline for Filing Claims
FIBERTECH NETWORKS: S&P Lowers Corp. Credit Rating to 'B'

FILMED ENTERTAINMENT: Aug. 18 Meeting Set to Form Creditors' Panel
FINJAN HOLDINGS: Provides Shareholders with Update for Q2 2015
FIRST DATA: Announces Expiration of Cash Tender Offers
FOREST CITY: NS&E, Onexim Agree to Extend Forbearance Agreement
FOUNDATION HEALTHCARE: Reports $4.3 Million Net Income for Q2

FOUR OAKS: Posts $17.5 Million Net Income for Second Quarter
FUSION TELECOMMUNICATIONS: Incurs $1.1 Million Net Loss in Q2
GELTECH SOLUTIONS: Has $10 Million Deal with Lincoln Park
GENIUS BRANDS: Corrects False Statement in Letter to Shareholders
GEOMET INC: Incurs $2.2 Million Net Loss in Second Quarter

GRAFTECH INT'L: S&P Lowers Corp. Credit Rating to 'B+'
GROUND IMPROVEMENT: Fed. Cir. Dismisses Claims Against MK-Ferguson
GT ADVANCED: Inks Stipulation Extending SEC Deadline Until Aug. 21
GT ADVANCED: UST Balks at Supplemental Severance Payments
HASSAN IMPORTS: French Automobile's Appeal Dismissed

HCSB FINANCIAL: Posts $703,000 Net Loss in Second Quarter
HEALTHWAREHOUSE.COM INC: Reports 27.9% Quarterly Sales Growth
HERCULES OFFSHORE: Moody's Lowers CFR to Ca on Bankruptcy Filing
HERCULES OFFSHORE: Oil & Gas Driller Expects Short Stay in Ch.11
HERCULES OFFSHORE: Prepack Plan Hearing, Objections in September

HERCULES OFFSHORE: Wants Schedules Filing Extended Until Nov. 7
HEWLETT-PACKARD: Moody's Lowers Pref. Stock Registration to (P)Ba1
HEXION INC: Incurs $2 Million Net Loss in Second Quarter
HOPKINS COUNTY HOSPITAL: Moody's Affirms B1 Rating on $22.7MM Bonds
HRK HOLDINGS: Seeks Nov. 16 Extension for Filing Chapter 11 Plan

IMAGEWARE SYSTEMS: Hosts Conference Call to Discuss Results
IMH FINANCIAL: Reports $3.5 Million Net Income in Second Quarter
INSITE VISION: Incurs $6.6 Million Net Loss in Second Quarter
INSITE WIRELESS: Fitch Affirms 'BB-sf' Rating on Class B Notes
INTERNATIONAL TEXTILE: Posts $4.4 Million Net Income for Q2

INVENTIV HEALTH: Posts $30.2 Million Net Income for 2nd Quarter
IRONSTONE GROUP: Needs More Time to File Q2 Form 10-Q
ISTAR FINANCIAL: Announces Expiration of Tender Offer
JOE'S JEANS: Fireman Capital Reports 7.3% Stake as of Aug. 10
JOE'S JEANS: Peter Kim Reports 10.6% Stake as of Aug. 2

LELAND HOLDINGS: Voluntary Chapter 11 Case Summary
MALIBU ASSOCIATES: Slams US Bank's Bid To Toss It Into Ch. 7
MEDIACOM COMMUNICATIONS: Moody's Retains Ba3 Corp. Family Rating
MEGA POWER: Case Summary & 5 Largest Unsecured Creditors
MICROBILT CORP: Takes Maselli Warren Fee Fight to Supreme Court

MIDWEST FAMILY: Moody's Affirms Ba1 Rating on Class II 2006A Bonds
MILESTONE SCIENTIFIC: Incurs $2.1 Million Net Loss in 2nd Quarter
MINT LEASING: Appoints Todd Bartlett Chief Financial Officer
MINT LEASING: Needs More Time to File Q2 Form 10-Q
MISSISSIPPI POWER: Moody's Lowers Rating on Preferred Stock to Ba1

MOBIVITY HOLDINGS: Posts $1.3 Million Net Loss for Second Quarter
MOLYCORP INC: Court Approves AlixPartners as Financial Advisor
MOLYCORP INC: Wants to Hire Miller Buckfire as Investment Banker
MONITRONICS INT'L: S&P Revises Outlook to Neg. & Affirms 'B' CCR
MOUNTAIN PROVINCE: Incurs C$5.7 Million Net Loss in 2nd Quarter

NCL CORP: S&P Affirms 'BB-' Corp. Credit Rating, Outlook Stable
NEW YORK MILITARY: Court Grants Cornwall Automatic Stay Relief
NIRVANA INC: Has Final Authorization to Use Cash Collateral
OPTIM ENERGY: Blackstone Faces Hurdles in Appealing Plan
OPTIMUMBANK HOLDINGS: Reports $6,000 Net Earnings for 2nd Quarter

PALM DRIVE: S&P Withdraws 'BB' Longterm Rating, Off Watch Negative
PARKVIEW ADVENTIST: Court Denies Bid to Use Cash Collateral
PARSLEY ENERGY: S&P Raises Rating on Sr. Unsecured Debt to 'B-'
PATRIOT COAL: VCLF/ERP to Purchase Remaining Assets
PIKE COUNTY: S&P Lowers Underlying Rating on Bonds to 'BB+'

PRESCOTT VALLEY: Case Summary & 20 Largest Unsecured Creditors
PUTNAM ENERGY: Can Use Cash Collateral Until Aug. 19
QUANTUM CORP: Amends Credit Agreement with Wells Fargo
RADIOSHACK CORP: Salus Withdraws Motion to Convert Case
RADIOSHACK CORP: Settlement with ABL Agent Approved

RADIOSHACK CORP: Texas AG Wants Gift Card Holders Notified
RELATIVITY MEDIA: Auction Postponed After Creditor Objections
RESIDENTIAL CAPITAL: Objection to Stern Claims Partially Sustained
RESPONSE GENETICS: Aug. 19 Meeting Set to Form Creditors' Panel
RESTORGENEX CORP: Incurs $3.9 Million Net Loss in Second Quarter

RICEBRAN TECHNOLOGIES: Amends 2012 Investment Agreements
RICEBRAN TECHNOLOGIES: Incurs $3.9 Million Net Loss in Q2
ROSEVILLE SENIOR: Can Use Cash Collateral Until Sept. 30
RREAF O&G: Has Authority to Obtain $44-Mil. from Atalaya Capital
SALEM MEDIA: S&P Revises Outlook to Stable & Affirms 'B' CCR

SAMSON RESOURCES: Plans Chapter 11 Filing by Mid-September
SANTA CRUZ BERRY: Won Authority to Use Cash Until Sept. 30
SEMCRUDE LP: District Ct. Grants Summary Judgment to Oil Purchasers
SEMGROUP LP: Appeals Court Nixes Shareholder Suit Against Executive
SHASTA ENTERPRISES: $680K Sale of Real Property to Cerami Approved

SNOWFLAKE COMMUNITY: Files Bankruptcy Rule 2015.3 Report
SOLAR POWER: Incurs $14.2 Million Net Loss in Second Quarter
SPANISH BROADCASTING: Incurs $3.5 Million Net Loss in 2nd Qtr.
SPIRE CORP: Delays Form Q2 10-Q Over Liquidity Issues
ST. MICHAEL'S MEDICAL: Aug. 18 Meeting Set to Form Creditors Panel

ST. MICHAEL'S MEDICAL: Case Summary & 20 Top Unsecured Creditors
TALON TRANSACTION: Case Summary & 20 Largest Unsecured Creditors
TEREX CORP: S&P Puts 'BB' CCR on CreditWatch Negative
TRANSWORLD SYSTEMS: Moody's Lowers CFR to Caa2, Outlook Negative
TWIN RINKS: Aug. 31 Set as Claims Bar Date

TWIN RINKS: Files Schedules of Assets and Liabilities
ULTIMATE ESCAPES: National Union's Bid for Summary Judgment Granted
UTSTARCOM HOLDINGS: Reports Financial Results for Q2 2015
VENOCO INC: Reports Down Sales, Misses Filing Deadline
VERSO PAPER: Incurs $60 Million Net Loss in Second Quarter

VYCOR MEDICAL: Fountainhead Holds 70% of Outstanding D Shares
VYCOR MEDICAL: Peter Zachariou Holds 25.7% of Series D Shares
WALDRON ENERGY: Consents to Appointment of Receiver
WAVE SYSTEMS: Receives NASDAQ Notice of Non-Compliance
ZARI MANSOURI: $50K Fee Award to Homeowners' Association Reversed

[*] Gov't Payment Difficulties Play Role in Healthcare Cos Distress
[*] U.S. HY Default Rate Heading to 3% in August, Says Fitch

                            *********

21ST CENTURY ONCOLOGY: Reports Second Quarter 2015 Results
----------------------------------------------------------
21st Century Oncology Holdings, Inc. reported a net loss
attributable to the Company's shareholders of $64.5 million on $285
million of total revenues for the three months ended June 30, 2015,
compared with a net loss attributable to the Company's shareholders
of $208 million on $266 million of total revenues for the same
period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to the Company's shareholders of $79.7 million on
$564 million of total revenues compared to a net loss attributable
to the Company's shareholders of $238 million on $499 million of
total revenues for the same period in 2014.

As of June 30, 2015, the Company had $1.1 billion in total assets,
$1.2 billion in total liabilities, $378.4 million in series A
convertible redeemable preferred stock, $68.7 million in
non-controlling interests -redeemable, and a stockholders' deficit
of $588 million.

Dr. Daniel Dosoretz, founder, president and chief executive
officer, commented, "We achieved our revenue and EBITDA targets for
the quarter and the first six months of 2015 through same store
growth, contributions from acquisitions, strong results from our
international operations, and executing on our savings and synergy
programs.  This marks our sixth consecutive quarter of Pro Forma
Adjusted EBITDA (adjusted earnings before interest, taxes,
depreciation, amortization, stock-based compensation and other
non-cash and pro forma items) margin expansion, the result of
leveraging existing overhead over a larger revenue base.  We remain
on track to achieve our full year 2015 Pro Forma Adjusted EBITDA
guidance of between $182 million and $190 million.  21C's
management team remains focused on further expense management,
synergy realization, EBITDA expansion, generating positive free
cash flow and continued deleveraging."

A full-text copy of the press release is available for free at:

                       http://is.gd/fosq9L

                        About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


5255 HOLDINGS: Case Summary & Largest Unsecured Creditor
--------------------------------------------------------
Debtor: 5255 Holdings, Inc.
        905 Tradewind Bnd
        Fort Lauderdale, FL 33327

Case No.: 15-24772

Chapter 11 Petition Date: August 15, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Debtor's Counsel: Michael Marcer, Esq.
                  MARRERO, CHAMIZO, MARCER LAW L.P.
                  3850 Bird Road, Penthouse I
                  Coral Gables, FL 33146
                  Tel: 786-431-2770
                  Fax: 786-735-0825
                  Email: Bankruptcy@marrerorealestatelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ricardo Arias, director.

The Debtor listed US Bank National Assoc. Shutts & Bowen LLP as its
largest unsecured creditor holding a claim of $3.6 million.

A full-text copy of the petition is available at:

             http://bankrupt.com/misc/flsb15-24772.pdf


ADELPHIA RECOVERY: Seeks Court Approval to Extend Trust Term
------------------------------------------------------------
The Adelphia Recovery Trust on Aug. 13 disclosed that it has filed
a motion with the United States Bankruptcy Court for the Southern
District of New York seeking approval to extend the term of the ART
through December 31, 2016.  The motion also seeks the cancellation
of ART interests in the classes Series ESL, Series ACC-4, Series
ACC-5, Series ACC-6B, Series ACC-6B1, Series ACC-6D, Series
ACC-6D1, Series ACC-6E/F, Series ACC-6E/F1, Series ACC-7, and
Series ACC-7A (the "Junior Certificates") as part of a staged
wind-down process because, among other things, it now is clear that
there will be no distributions in respect of those classes of
interests.

As set forth in greater detail in the ART's motion, Adelphia's plan
of reorganization established an initial termination date of
February 14, 2012 for the ART, subject to the Trustee's right to
extend the term with the Bankruptcy Court's approval.  The
termination date was extended through September 23, 2015 with the
Bankruptcy Court's approval.  Although the ART has resolved several
causes of action and distributed $275 million to date to interest
holders, the FPL cause of action has not been and is not likely to
be resolved by September 23, 2015, when the ART's term expires.  An
extension will provide additional time to resolve the FPL cause of
action and permit an orderly termination of the ART.
The ART seeks the cancellation of the Junior Certificates at this
time because (i) it now is clear that the ART will not distribute
more than the $5.8 billion, which currently is the amount required
before any distributions may be made to Junior Certificate holders;
(ii) there are no holders of Series ESL, Series ACC-5, or Series
ACC-6B1 interests; (iii) cancellation of Series ACC-7 interests
will result in the deregistration of the ART as a SEC public
reporting issuer, which will eliminate the expense of preparing
such reports; and (iv) cancellation of Junior Certificates may
create a tax realization event for holders of those interests,
which may enable them to close positions and realize losses.

The ART's motion is available in the "Important Documents-Adelphia
Recovery Trust" section of Adelphia's website at
www.adelphiarestructuring.com. Holders may direct questions to
creditor.inquiries@adelphia.com.  

                 About Adelphia Recovery Trust

Adelphia Recovery Trust is a Delaware Statutory Trust that was
formed pursuant to the First Modified Fifth Amended Joint Chapter
11 Plan of Reorganization of Adelphia Communications Corporation
and Certain Affiliated Debtors, which became effective February 13,
2007.  The ART holds certain litigation claims transferred pursuant
to the Plan against various third parties and exists to prosecute
the causes of action transferred to it for the benefit of holders
of ART interests.

                About Adelphia Communications

Based in Coudersport, Pennsylvania, Adelphia Communications
Corporation was once the fifth-biggest cable company.  Adelphia
served customers in 30 states and Puerto Rico, and offered analog
and digital video services, Internet access and other advanced
services over its broadband networks.

Adelphia collapsed in 2002 after disclosing that founder John Rigas
and his family owed $2.3 billion in off-balance-sheet debt on bank
loans taken jointly with the company.  Mr. Rigas was sentenced to
12 years in prison, while son Timothy 15 years.

Adelphia Communications and its more than 200 affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 02-41729) on
June 25, 2002.  Willkie Farr & Gallagher represented the Debtors
in their restructuring effort.  PricewaterhouseCoopers served as
the Debtors' financial advisor.  Kasowitz, Benson, Torres &
Friedman LLP and Klee, Tuchin, Bogdanoff & Stern LLP represented
the Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas-Managed Entities, were
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision LLC.  The RME Debtors filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-10642) on March 31,
2006.  Their cases were jointly administered under Adelphia
Communications and its debtor-affiliates' Chapter 11 cases.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11 Plan
of Reorganization on Jan. 5, 2007.  The Plan became effective on
Feb. 13, 2007.

The Adelphia Recovery Trust, a Delaware Statutory Trust, was formed
pursuant to the Plan.  The Trust holds certain litigation claims
transferred pursuant to the Plan against various third parties and
exists to prosecute the causes of action transferred to it for the
benefit of holders of Trust interests.  Lawyers at Kasowitz,
Benson, Torres & Friedman, LLP (NYC), represent the Adelphia
Recovery Trust.



ALLIED SYSTEMS: Aug. 31, 2015 Deadline for Admin. Expense Requests
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware established
Aug. 31, 2015, at 5:00 p.m., as deadline for filing administrative
expense requests in the Chapter 11 cases of ASHINC Corporation, et
al.

The Court ordered that original administrative expense request must
be submitted by first class mail, overnight mail or hand delivery
to:

         ASHINC Corporation, et al., Claims Processing
         c/o Rust Consulting/OMNI Bankruptcy
         5955 DeSoto Avenue, Suite No. 100
         Woodland Hills, CA 91367

                    About Allied Systems Holdings

BDCM Opportunity Fund II, LP, Spectrum Investment Partners LP, and
Black Diamond CLO 2005-1 Adviser L.L.C., filed involuntary
petitions for Allied Systems Holdings Inc. and Allied Systems Ltd.
(Bankr. D. Del. Case Nos. 12-11564 and 12-11565) on May 17, 2012.
The signatories of the involuntary petitions assert claims of at
least $52.8 million for loan defaults by the two companies.

Allied Systems, through its subsidiaries, provides logistics,
distribution, and transportation services for the automotive
industry in North America.

Allied Holdings Inc. first filed for chapter 11 protection (Bankr.
N.D. Ga. Case Nos. 05-12515 through 05-12537) on July 31, 2005.
Jeffrey W. Kelley, Esq., at Troutman Sanders, LLP, represented the
Debtors in the 2005 case.  Allied won confirmation of a
reorganization plan and emerged from bankruptcy in May 2007 with
$265 million in first-lien debt and $50 million in second-lien
debt.

The petitioning creditors said Allied defaulted on payments of
$57.4 million on the first lien debt and $9.6 million on the
second.  They hold $47.9 million, or about 20% of the first-lien
debt, and about $5 million, or 17%, of the second-lien obligation.

They are represented by Adam G. Landis, Esq., and Kerri K.
Mumford,
Esq., at Landis Rath & Cobb LLP; and Adam C. Harris, Esq., and
Robert J. Ward, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings Inc. formally put itself and 18
subsidiaries into bankruptcy reorganization June 10, 2012,
following the filing of the involuntary Chapter 11 petition.

The Company is being advised by Mark D. Collins, Esq., at
Richards, Layton & Finger, P.A., and Jeffrey W. Kelley, Esq., at
Troutman Sanders, Gowling Lafleur Henderson.

The bankruptcy court process does not include captive insurance
company Haul Insurance Limited or any of the Company's Mexican or
Bermudan subsidiaries.  The Company also announced that it intends
to seek foreign recognition of its Chapter 11 cases in Canada.

An official committee of unsecured creditors has been appointed in
the case.  The Committee consists of Pension Benefit Guaranty
Corporation, Central States Pension Fund, Teamsters National
Automobile Transporters Industry Negotiating Committee, and
General
Motors LLC.  The Committee is represented by Sidley Austin LLP.

In January 2014, the U.S. Trustee for Region 3 appointed a three-
member Official Committee of Retirees.

Yucaipa Cos. has 55% of the senior debt and took the position it
had the right to control actions the indenture trustee would take
on behalf of debt holders.  The state court ruled in March 2013
that the loan documents didn't allow Yucaipa to vote.

In March 2013, the bankruptcy court gave the official creditors'
committee authority to sue Yucaipa.  The suit includes claims that
the debt held by Yucaipa should be treated as equity or
subordinated so everyone else is paid before the Los Angeles-based
owner. The judge allowed Black Diamond to participate in the
lawsuit against Yucaipa and Allied directors.

Yucaipa American Alliance Fund I, L.P., Yucaipa American Alliance
(Parallel) Fund I, L.P., Yucaipa American Alliance Fund II, L.P.,
Yucaipa American Alliance (Parallel) Fund II, L.P., represented by
Michael R. Nestor, Esq., and Edmund L. Morton, Esq., at Young
Conaway Stargatt & Taylor, LLP; and Robert A. Klyman, Esq., at
Gibson, Dunn & Crutcher LLP.

First Lien Agent, Black Diamond Commercial Finance, L.L.C.,
represented by Adam G. Landis, Esq., and Kerri K. Mumford, Esq.,
at
Landis Rath & Cobb LLP; and Adam C. Harris, Esq., Robert J. Ward,
Esq., and David M. Hillman, Esq., at Schulte Roth & Zabel LLP.

Allied Systems Holdings, Inc., has changed its name to ASHINC
Corporation.

                          *     *     *

ASHINC Corporation, f/k/a Allied Systems Holdings, Inc., and its
debtor affiliates filed with the U.S. Bankruptcy Court for the
District of Delaware a joint Chapter 11 plan of reorganization,
co-proposed by the Committee and the first lien agents.

The Plan provides that certain of the Debtors' assets, the
Litigation Trust Assets, will vest in the Allied Litigation Trust,
and the remainder of the Debtors' assets, including the proceeds
from the sale of substantially all of the Debtors' assets, will
either revest in the Reorganized Debtors or be distributed to the
Debtors' creditors.


ALONSO & CARUS: BPPR Says GlassRatner Too Pricey as Panel Advisor
-----------------------------------------------------------------
Secured creditor Banco Popular de Puerto Rico ("BPPR") and debtor
Alonso & Carus Iron Works Inc. object to the request filed by the
Official Committee of Unsecured Creditors to retain GlassRatner
Advisory & Capital Group LLC as its financial advisors effective as
of July 15, 2015.

BPPR said the Committee's proposed hourly rates to be paid to the
firm are substantially in excess of the prevailing local hourly
rates -- even to the highest local rates for sophisticated
bankruptcy financial advisors -- and will create an unnecessary and
additional expense to the Debtor's estate and, possibly, to BPPR,
that can and should be avoided by simply retaining adequate local
financial advisors at lower rates (or, having GlassRatner bill at
prevailing local market rates).  Further, the Committee has not
(and likely cannot) shown that the expertise required for this case
is simply unavailable locally, noted BPPR.

The secured creditor also pointed out that the Debtor has hired a
local financial advisor for this case, after assessing the
complexities and necessities therein.  Further, this case is not
more complex nor sophisticated than other (and larger) local
bankruptcy cases during the past few years, in which local
financial advisors have acted for the lender, debtor and committee.
The Debtor did not look to more expensive stateside counsel, and
there is no reason for the Committee to forego all local
professionals, and retain financial advisors whose hourly rates
will likely exceed by almost twice the prevailing market rates.
The additional, and unwarranted, expense will prejudice the estate
and substantially diminish the eventual recoveries to creditors in
this case.  Accordingly, BPPR said, the Application should not be
approved, as it is contrary to the applicable law in this Circuit,
unless GlassRatner's rates are adjusted to the prevailing market
rates in Puerto Rico.

The individual GlassRatner professionals proposed by the Committee
to provide financial services are James Fox and Marc Levee, who
work at the firm's New York offices:

     James W Fox
     Principal
     GlassRatner Advisory & Capital Group LLC
     60 E 42nd St Ste 1062
     New York, NY 10165-1099
     Tel: (212) 223-2430 Extn. 11
     Fax: (212) 223-4654
     E-mail: jfox@glassratner.com

          - and -

     Marc T Levee
     Vice President
     GlassRatner Advisory & Capital Group LLC
     One Grand Central Place
     60 E 42nd St Ste 1062
     New York, NY 10165-1099
     Tel: (646) 402-5150
     E-mail: mlevee@glassratner.com

The Committee proposed that the estate pay hourly fees for Mr. Fox,
Mr. Levee, and David Neyhart, an associate at the firm,
respectively, of $310, $270, and $170.  In addition, the Committee
proposed that the estate also pay the hourly fees for other
associates and assistants ranging from $95 to $170.

BPPR presented to the Court evidence of the disparity of
GlassRatner's rates, and the prevailing rates charged by some of
the most recognized bankruptcy estate attorneys in the Puerto Rico
legal community who have a substantial bankruptcy chapter 11 estate
representation practice:

Professional            Hourly Rates
------------            ------------
Luis R. Carrasquillo         $160
Jose M. Monge Robertin       $200
Albert Tamarez Vasquez       $150

BPPR is represented in the Debtor's case by:

     Luis C. Marini-Biaggi, Esq.
     Nayuan Zouairabani, Esq.
     O'NEILL & BORGES LLC
     250 Munoz Rivera Avenue, Suite 800
     San Juan, PR 00918-1813
     Tel: (787) 764-8181
     Fax: (787) 753-8944
     E-mail: luis.marini@oneillborges.com
             Nayuan.zouairabani@oneillborges.com

                        About Alonso & Carus

Alonso & Carus Iron Works, Inc., sought Chapter 11 protection
(Bankr. D.P.R. Case No. 15-02250) in Old San Juan, Puerto Rico, on
March 27, 2015.  The case is assigned to Judge Enrique S. Lamoutte
Inclan.

The Catano, Puerto Rico-based debtor has filed schedules of assets
and liabilities, disclosing $23,028,113 in total assets and
$14,919,146 in total debts.

The Debtor hired Charles A Curpill, PSC Law office, as counsel; and
CPA Luis R. Carrasquillo & Co, PSC as financial consultant.

The U.S. trustee overseeing the Chapter 11 case appointed five
creditors of the company to serve on the official committee of
unsecured creditors.


ALONSO & CARUS: Committee Objects to Use of Cash Collateral
-----------------------------------------------------------
The Official Committee of Unsecured Creditors for the Chapter 11
case of Alonso & Carus Iron Works, Inc., objects to the Debtor's
request to use cash collateral securing its prepetition
indebtedness from Banco Popular de Puerto Rico.

The Committee explains that it does not oppose the continued use of
cash collateral to permit the Debtor to maintain its operations and
preserve its going concern value.  The committee, however, asserts
that it is improper to bind unsecured creditors and other parties
in interest to broad releases and other relief that only benefits
BPPR, without providing the Committee with an opportunity to
undertake its statutorily mandated investigation of the Debtor's
affairs and determine whether a Challenge is appropriate.

BPPR, in response, argues that the Committee's objection should be
overruled for the following reasons: (a) the Committee have failed
to comply with Rule 2019 of the Federal Rules of Bankruptcy
Procedure; and (b) the Committee may not appear pro se, and at this
stage, the entities representing the Committee have not even filed
a motion for appointment of counsel pursuant to Section 327(c) of
the Bankruptcy Code.  BPPR asserts that the Committee has set forth
no basis that warrants reconsideration or a modification of the
Order entered by the Court approving the original Stipulation for
use of cash collateral and the adequate protection provisions
provided therein.

The Official Committee of Unsecured Creditors is represented by:

          Antonio A. Arias-Lacarda, Esq.
          Lina M. Soler-Rosario, Esq.
          MCCONNELL VALDÉS LLC
          PO Box 364225
          San Juan, Puerto Rico 00936-4225
          Tel: 787-250-5604
          Fax: 787-750-2771
          Email: aaa@mcvpr.com
                 lms@mcvpr.com

             -- and --

          Bruce S. Nathan, Esq.
          LOWENSTEIN SANDLER LLP
          1251 Avenue of the Americas
          New York, New York, 10020
          Tel: 212-262-6700
          Fax: 212-262-7402
          Email:bnathan@lowenstein.com

             -- and --

          Jeffrey D. Prol, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, New Jersey 07068
          Tel: 973-597-2500
          Fax: 973-597-2400
          Email:jprol@lowenstein.com

Banco Popular de Puerto Rico is represented by:

          Luis C. Marini-Biaggi, Esq.
          Nayuan Zouairabani, Esq.
          O’NEILL & BORGES
          Muñoz Rivera Avenue, Suite 800
          San Juan, Puerto Rico 00918-1813
          Tel.: (787) 764-8181
          Fax: (787) 753-8944
          Email: luis.marini@oneillborges.com
                 Nayuan.zouairabani@oneillborges.com

The Debtor is represented by:

          Charles A. Cuprill-Hernández
          CHARLES A. CUPRILL, P.C.S., LAW OFFICES
          356 Fortaleza Street, Second Floor
          San Juan, PR 00901
          Tel.: 787-977-0515
          Fax: 787-977-0518
          E-mail: ccuprill@cuprill.com

                         About Alonso & Carus

Alonso & Carus Iron Works, Inc., sought Chapter 11 protection
(Bankr. D.P.R. Case No. 15-02250) in Old San Juan, Puerto Rico, on
March 27, 2015.  The case is assigned to Judge Enrique S. Lamoutte
Inclan.

The Catano, Puerto Rico-based debtor has filed schedules of assets
and liabilities, disclosing $23,028,113 in total assets and
$14,919,146 in total debts.

The Debtor on the Petition Date filed applications to employ
Charles A Curpill, PSC Law office, as counsel; and CPA Luis R.
Carrasquillo & Co, PSC as financial consultant.


ALONSO & CARUS: Court Denies Triple S Steel Bid to Form Committee
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico denied
the request of Triple S Steel Supply Co. to form a committee that
will represent unsecured creditors of Alonso & Carus Iron Works
Inc.

The court ruled that the motion filed by the company is moot since
the U.S. trustee overseeing Alonso & Carus' bankruptcy case has
already appointed an unsecured creditors' committee.

The U.S. trustee, the Justice Department's bankruptcy watchdog,
appointed five unsecured creditors, including Triple S Steel, to
serve on the committee barely a week after the company filed its
motion.

The four other members of the committee are Infra Metals Co. Inc.,
Olympic Steel Inc., Saginaw Pipe Co. Inc., and Valley Joist Inc.  

                        About Alonso & Carus

Alonso & Carus Iron Works, Inc., sought Chapter 11 protection
(Bankr. D.P.R. Case No. 15-02250) in Old San Juan, Puerto Rico, on
March 27, 2015.  The case is assigned to Judge Enrique S. Lamoutte
Inclan.

The Catano, Puerto Rico-based debtor has filed schedules of assets
and liabilities, disclosing $23,028,113 in total assets and
$14,919,146 in total debts.

The Debtor on the Petition Date filed applications to employ
Charles A Curpill, PSC Law office, as counsel; and CPA Luis R.
Carrasquillo & Co, PSC as financial consultant.


ALTEGRITY INC: Bankruptcy Judge Confirms Plan
---------------------------------------------
Law360 reported that a Delaware bankruptcy judge agreed to confirm
the Chapter 11 plan for security screening firm Altegrity Inc., a
unit of which vetted National Security Agency leaker Edward
Snowden, putting the debtor on the path to a bankruptcy exit that
aims to trim roughly $1.8 billion in debt.

According to the report, during a hearing in Wilmington, U.S.
Bankruptcy Judge Laurie Selber Silverstein gave Altegrity's plan
the nod after learning that the debtor came to a global settlement
with the myriad creditors, including the U.S. government, that had
issues with...

Law360 reported that prior to the confirmation hearing, Altegrity
submitted a settlement under which the U.S. would drop
false-billing claims and the security-screening conglomerate would
walk away from a fight over ended federal contracts -- a grand
bargain that will allow Altegrity to forge ahead with its
bankruptcy.

Law360 related that in one set of claims, potentially worth tens of
millions of dollars, the U.S. said that Altegrity unit U.S.
Investigations Services LLC billed for mountains of background
checks under false pretenses because it didn't do the required
quality reviews on those checks.

In the other set of claims, itself potentially worth tens of
millions, according to filings, USIS was fighting the U.S. Office
of Personnel Management's decision to terminate its contracts last
September, the report related.

                     About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
Bankruptcy petitions (Bankr. D. Del. Lease Case No. 15-10226) on
Feb. 8, 2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens, Esq., at Debevoise & Plimpton LLP serve as the Debtors'
counsel.  Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon
L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as
the Debtors' Delaware and conflicts counsel.  Stephen Goldstein and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as lead
counsel, and Bayard, P.A., as Delaware co-counsel.

                           *     *     *

Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on May 15, 2015, approved the disclosure
statement explaining Altegrity, Inc., et al.'s Joint Chapter 11
Plan.  A hearing to confirm the Plan was scheduled for July 1,
2015.

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015,
is available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf


ALTEGRITY INC: Court Issues Order Confirming Ch. 11 Plan
--------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on Aug. 14, 2015, issued findings of fact,
conclusions of law, and order confirming Altegrity, Inc., et al.'s
Joint Plan of Reorganization.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

The Plan represents and incorporates a global settlement among the
Debtors, the Consenting First Lien Creditors, the Consenting Junior
Lien Creditors, the Consenting Interest Holders, the members of the
Creditors' Committee, each applicable holder of the 2015 Senior
Notes and each applicable holder of the 2016 Senior Subordinated
Notes and plaintiffs Thomas Karaniewsky and Angela Rodriguez in the
putative class action against Debtor US Investigations Services,
LLC.

The Plan received overwhelming support from creditors entitled to
vote, according to a declaration, a full-text copy of which is
available at http://bankrupt.com/misc/ALTEGRITYballot0812.pdffiled
by James Daloia, the director of solicitation and disbursement at
Prime Clerk LLC.  

Judge Silverstein provides that the Debtors will not substantially
consummate the Plan or cause the Effective Date to occur prior to
Aug. 27, 2015.  With respect to those who cast ballots in Class
A7-b for Altegrity Holding Corp., the Debtors will promptly, but in
no event later than Aug. 17, provide notice of the entry of the
Confirmation Order to those parties which will explain the
treatment of their ballots and the potential to reconsider that
treatment on or before Aug. 25, 2015, and, if that reconsideration
is sought, the burden will remain on the Debtors with respect to
the Plan's treatment of their ballots.

A full-text copy of the Plan Confirmation Order is available
at http://bankrupt.com/misc/ALTEGRITYplanord0814.pdf

Prior to the confirmation hearing, the Debtors filed a memorandum
of law in support of, and in response to objections to,
confirmation of the Plan.  The Debtors maintained that, having
reached consensus with all of their major constituencies, the Plan
must be confirmed to allow them to emerge from bankruptcy with an
improved cost structure and healthier balance sheet and would allow
the Operating Debtors to continue operating and continue to employ
thousands of employees.  Lloyd Sprung, a senior managing director
of the Evercore Group LLC, and Kevin McShea, a managing director of
the AlixPartners, LLP, also filed declarations in support of
confirmation of the Plan.

A table of the Confirmation Objections and the Debtors' Response is
available at http://bankrupt.com/misc/ALTEGRITYobjsched0813.pdf

The Debtors, also prior to the confirmation hearing, filed
supplements to the Plan, including a list of the members of the
Board of Directors of New Altegrity and the members of the Board of
Directors of Reorganized Debtors other than New Altegrity.

Full-text copies of the Plan Supplements are available at
http://bankrupt.com/misc/ALTEGRITYplansupp0812.pdf

                     About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
Bankruptcy petitions (Bankr. D. Del. Lease Case No. 15-10226) on
Feb. 8, 2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens, Esq., at Debevoise & Plimpton LLP serve as the Debtors'
counsel.  Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon
L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as
the Debtors' Delaware and conflicts counsel.  Stephen Goldstein
and Lloyd Sprung, at Evercore Group, LLC, are the Debtors'
investment bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as
lead counsel, and Bayard, P.A., as Delaware co-counsel.

                           *     *     *

Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on May 15, 2015, approved the disclosure
statement explaining Altegrity, Inc., et al.'s Joint Chapter 11
Plan.  A hearing to confirm the Plan was scheduled for July 1,
2015.

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015,
is available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf


AMERICAN MEDIA: Reports $24 Million Net Income in June 30 Qtr.
--------------------------------------------------------------
American Media, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $24.1 million on $56.1 million of total operating revenues for
the three months ended June 30, 2015, compared to a net loss of $12
million on $63.3 million of total operating revenues for the same
period during the prior year.

As of June 30, 2015, the Company had $456.1 million in total
assets, $466 million in total liabilities, $3 million in redeemable
noncontroling interests and total stockholders' deficit of $12.8
million.

                Management's Assessment of Liquidity

"Our operations have historically generated positive net cash flow
from operating activities. Our primary sources of liquidity are
cash on hand, cash generated from operations, amounts available
under our revolving credit facility and cash interest savings from
our recent debt reduction initiatives.

Our principal uses of cash that affect our liquidity include
operational expenditures and debt service costs, including interest
payments on and repurchases of our senior secured notes. In
addition to the dispositions discussed elsewhere, we expect to
continue to evaluate possible acquisitions and dispositions of
certain businesses.  These transactions, if consummated, could be
material and may involve cash or the issuance of additional senior
secured notes.

As of June 30, 2015, the Company had $6.2 million of cash, $5.8
million available pursuant to the Revolving Credit Facility, which
matures in December 2016, and a working capital deficit of $27.1
million, of which approximately $27.4 million relates to deferred
revenues.  In addition to outstanding borrowings under the
Revolving Credit Facility, there was $307.8 million principal
amount of outstanding senior secured debt as of June 30, 2015. Over
the next year, the cash interest payments due under these debt
agreements are approximately $36.8 million and there are no
scheduled principal payments due.

We expect that our current cash balances, cash generated from
operating activities, availability under our Revolving Credit
Facility and the cash interest savings from the recent debt
reduction initiatives, should be sufficient to meet working
capital, capital expenditures, debt service, and other cash needs
for the next year.

Our level of indebtedness could have important consequences for the
business and operations."

A full-text copy of the Form 10-Q is available for free at:

                      http://is.gd/tXZLDu

                      About American Media

Based in New York, American Media, Inc., publishes celebrity
journalism and health and fitness magazines in the U.S.  These
include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health,
and The National Enquirer.  In addition to print properties, AMI
manages 14 different Web sites.  The company also owns
Distribution Services, Inc., an in-store magazine merchandising
company.

American Media, Inc., and 15 units, including American Media
Operations, Inc., filed for Chapter 11 protection in Manhattan
(Bankr. S.D.N.Y. Case No. 10-16140) on Nov. 17, 2010, with a
prepackaged plan.  The Debtors emerged from Chapter 11
reorganization in December 2010, handing ownership to former
bondholders.  The new owners include hedge funds Avenue Capital
Group and Angelo Gordon & Co.

American Media reported a net loss of $54.3 million on
$344 million of total operating revenues for the fiscal year ended
March 31, 2014, following a net loss of $56.2 million on $349
million of total operating revenues for the year ended March 31,
2013.

                           *     *     *

As reported in the Jan. 9, 2015 edition of the TCR, American Media
carries a 'Caa1' corporate family rating from Moody's.  American
Media's Caa1 CFR reflects the company's elevated total debt to
EBITDA leverage that Moody's expect will rise to the 8-9x range
(Moody's adjusted) over the rating horizon from about 7x as of
Sept. 30, 2014 as a result of lower EBITDA performance that
stems from a reduction in circulation sales associated with the
bankruptcy filing of AMI's second largest publications wholesaler,
Source Interlink Distribution ("Source").  The rating also captures
AMI's weak liquidity profile and deteriorating EBITDA cushion under
the revolver's first-lien leverage covenant resulting from the
lower circulation revenue aggravated by the Source bankruptcy,
which required temporary covenant relief through an amendment to
the credit facility.

As reported in the Jan. 14, 2015 edition of the TCR, Standard &
Poor's Ratings Services said that its ratings on U.S. magazine
publisher American Media Inc., including the 'CCC' corporate credit
rating, are not affected by the company's announcement that it is
exchanging $32 million of its first-lien 11.5% notes due 2017 for
$39 million in new second-lien 7% notes due 2020.  The negative
rating outlook remains unchanged.


ANNA'S LINEN: Court Orders Additional Adequate Protection to Excel
------------------------------------------------------------------
The Hon. Theodore C. Albert of the U.S. Bankruptcy Court for the
Central District of California directed Anna's Linens, Inc., to
provide secured creditor Exel Inc. additional adequate protection
for the use of its property.

Specifically, the Court ordered that, among other things:

   1. to the extent the Exel Asserted Lien is determined to have
been a valid, binding, enforceable, properly perfected
non-avoidable prepetition lien as of the Petition Date, Exel's
Asserted Lien will attach to the proceeds of the sale; and

   2. the Exel Sale Proceeds Lien provides Exel with adequate
protection of the Exel Asserted Lien at this time and without
prejudice to Exel's right to request adequate protection in the
event that circumstances change.  

As reported in the Troubled Company Reporter on July 20, 2015, Exel
filed a motion for adequate protection of its possessory lien claim
as a warehouseman for the Debtor to ensure that the Debtor does not
dispose of the goods held at the warehouses managed by Exel or of
the cash received from the purchaser of the Debtor's inventory
without paying Exel on account of its secured claim or, at the
least, segregating funds to cover that claim.

Exel's counsel, Steven B. Sacks, Esq., at Sheppard, Mullin, Richter
& Hampton LLP, in San Francisco, California, related that the
Debtor is swiftly emptying the warehouses as it conducts
going-out-of-business sales in exchange for certain payments.

                       About Anna's Linens

Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  Headquartered in Costa
Mesa, California, operates a chain of 268 company owned retail
stores throughout 19 states in the United States (including Puerto
Rico and Washington, D.C.) generates over $300 million in annual
revenue and employs a workforce of over 2,500 associates.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.

The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.



AURORA DIAGNOSTICS: Posts $47.3 Million Net Loss in Q2
------------------------------------------------------
Aurora Diagnostics Holdings, LLC, filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $47.3 million on $64.5 million of net revenue for the
three months ended June 30, 2015, compared to a net loss of $2.9
million on $60.7 million of net revenue for the same period in
2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $56.6 million on $124 million of net revenue compared to a
net loss of $9.5 million on $117.8 million of net revenue for the
same period a year ago.

As of June 30, 2015, the Company had $270.4 million in total
assets, $434.5 million in total liabilities and a members' deficit
of $164.1 million.

"We require significant cash flow to service our existing debt
obligations. The reductions in Medicare reimbursement for 2013 and
2014, and the corresponding reduction in reimbursement from
non-governmental payors, have had a significant negative impact on
our free cash flows.  We believe our current cash and cash
equivalents, together with cash from operations and the $30.0
million available under our New Credit Facility, will be sufficient
to fund our working capital requirements through June 30, 2016,"
the Company stated in the report.  

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/Y2WskJ

                     About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013.  The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $55.4 million on $243
million of net revenue for the year ended Dec. 31, 2014, compared
to a net loss of $73 million on $248 million of net revenue for
the year ended Dec. 31, 2013.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD.  Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora).  Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3.  The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA.  This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions.  This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position.  Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.

In the Aug. 7, 2014, edition of the TCR, Standard & Poor's Ratings
Services raised its corporate credit rating on Palm Beach Gardens,
Fla.-based anatomic pathology services provider Aurora Diagnostics
Holdings LLC to 'CCC+' from 'CCC'.  The outlook is stable.


BAHA MAR: China Ex-Im Bank Says Bahamas Ruling Kills Ch. 11
-----------------------------------------------------------
Law360 reported that the Export-Import Bank of China pressed a
Delaware bankruptcy judge to throw the developers of the unfinished
Baha Mar mega-resort out of Chapter 11, arguing that the
proceedings clearly belong in the Bahamas after a judge there
refused to recognize the U.S. bankruptcy.

According to the report, in a reply brief, CEXIM had harsh words
for the Baha Mar developers, accusing them of brazen forum shopping
and using sneaky litigation tactics to impose U.S. bankruptcy law
where it doesn’t rightly apply.

                         About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counselare Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is Kobre
& Kim LLP.  The Debtors' construction counsel is Glaser Weil Fink
Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime Clerk
LLC.


BAHA MAR: Hires Glaser Weil as Special Litigation Counsel
---------------------------------------------------------
Baha Mar Enterprises Ltd. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Glaser Weil Fink Howard Avchen & Shapiro LLP as
special litigation counsel for the Debtors in connection with the
litigation against CSCEC commenced in the English High Court --
Construction Litigation -- nunc pro tunc to the June 29, 2015
petition date.

Glaser Weil will render these professional services to the
Debtors:

   (a) continue to serve as the Debtors' co-counsel in the
       Construction Litigation; and

   (b) perform such other legal services in connection with the
       Construction Litigation as may be reasonably required.

The Debtors believe that the services of Glaser Weil are necessary
to enable them to prosecute the Construction Litigation for the
benefit of all of the Debtors' creditors.  

Glaser Weil will be paid at these hourly rates:

       Peter Sheridan         $725
       Pete Slevin            $660
       Brad Parr              $515
       Alex Kargher           $435
       Alex Linhardt          $330
       Paralegal              $320

Glaser Weil will also be reimbursed for reasonable out-of-pocket
expenses incurred.

During the one-year period prior to the petition date, Glaser Weil
has received $1,395,266.36 in payments from the Debtors for
representing and advising the Debtors with respect to ongoing
construction disputes and the Construction Litigation. As of the
filing of this Application, Glaser Weil does not hold a retainer
from the Debtors.

Peter C. Sheridan, partner of Glaser Weil, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

A hearing on the employment application was set for Aug. 17, 2015.

Consistent with the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed Under 11 U.S.C.
section 330 by Attorneys in Larger Chapter 11 Cases Effective as of
Nov. 1, 2013, Glaser Weil attests that:

   -- Glaser Weil did not agree to a variation of its standard or
      customary billing arrangements for this engagement;

   -- None of Glaser Weil's professionals included in this
      engagement have varied their rate based on the geographic
      location of the Chapter 11 Cases;

   -- Glaser Weil represented the Debtors in the two years prior
      to the Petition Date. The billing rates and material
      financial terms in connection with such representation have
      not changed post-petition, and will not change other than
      due to annual and customary firm-wide adjustments to Glaser
      Weil's hourly rates in the ordinary course of Glaser Weil's
      business; and

   -- The Debtors and Glaser Weil expect to develop a prospective
      budget and staffing plan for Glaser Weil's engagement for
      the period from June 29, 2015 to Sep. 29, 2015. Consistent
      with the U.S. Trustee Guidelines, the budget may be amended
      as necessary to reflect changed or unanticipated
      developments.

Glaser Weil can be reached at:

       Peter C. Sheridan, Esq.
       GLASER WEIL FINK HOWARD
       AVCHEN & SHAPIRO LLP
       10250 Constellation Blvd., 19th Floor
       Los Angeles, CA 90067
       Tel: (310) 282-6243
       Fax: (310) 553-2128
       E-mail: psheridan@glaserweil.com

                           About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counselare Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is Kobre
& Kim LLP.  The Debtors' construction counsel is Glaser Weil Fink
Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime Clerk
LLC.


BAHA MAR: Taps Prime Clerk as Administrative Advisor
----------------------------------------------------
Baha Mar Enterprises Ltd. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Prime Clerk LLC as administrative advisor, nunc
pro tunc to the June 29, 2015 petition date.

The Debtors seek to retain Prime Clerk to provide, among other
things, these bankruptcy administration services, if and to the
extent requested:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back-offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

   (c) assist with the preparation of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       and gather data in conjunction therewith;

   (d) provide a confidential data room, if requested;

   (e) manage and coordinate any distributions pursuant to a
       Chapter 11 plan; and

   (f) provide such other processing, solicitation, balloting and
       other administrative services described in the Engagement
       Agreement, but not included in the Section 156(c)
       Application, as may be requested from time to time by the
       Debtors, the Court or the Office of the Clerk of the
       Bankruptcy Court.

Prime Clerk will be paid at these hourly rates:

       Analyst                    $30-$45
       Technology Consultant      $85-$100
       Consultant                 $100-$135
       Senior Consultant          $150-$165
       Director                   $175-$190
       Solicitation Consultant    $190
       Director of Solicitation   $210

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

A hearing on the application was set for Aug. 17, 2015.

Prime Clerk can be reached at:

       Shai Waisman
       PRIME CLERK LLC
       830 3rd Avenue, 9th Floor
       New York, NY 10022
       Tel: (212) 257-5450
       E-mail: swaisman@primeclerk.com

                           About Baha Mar

Orlando, Florida-based Northshore Mainland Services Inc., Baha Mar
Enterprises Ltd., and their affiliates sought protection under
Chapter 11 of the Bankruptcy Code on June 29, 2015 (Bankr. D.Del.,
Case No. 15-11402).  Baha Mar owns, and is in the final stages of
developing, a 3.3 million square foot resort complex located in
Cable Beach, Nassau, The Bahamas.

The case is assigned to Judge Kevin J. Carey.

The Debtors are represented by Paul S. Aronzon, Esq., and Mark
Shinderman, Esq., at Milbank, Tweed, Hadley & McCloy LLP, in Los
Angeles, California; and Gerard Uzzi, Esq., Thomas J. Matz, Esq.,
and Steven Z. Szanzer, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in New York.  The Debtors' Delaware counsel are Laura Davis
Jones, Esq., James E. O'Neill, Esq., Colin R. Robinson, Esq., and
Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware.  The Debtors' Bahamian counsel is Glinton
Sweeting O'Brien.  The Debtors' special litigation counsel is Kobre
& Kim LLP.  The Debtors' construction counsel is Glaser Weil Fink
Howard Avchen & Shapiro LLP.

The Debtors' investment banker and financial advisor is Moelis
Company LLC.  The Debtors' claims and noticing agent is Prime Clerk
LLC.


BIOFUELS POWER: Reports $433,500 Net Loss in Half Year 2015
-----------------------------------------------------------
Biofuels Power Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $433,516 on $0 of sales for the three months ended June 30,
2015, compared to a net loss of $499,753 on $0 of sales for the
same period during the prior year.

As of June 30, 2015, the Company had $2.3 million in total assets,
$8 million in total liabilities and a $5.7 million total
stockholders' deficit.

"As a result of our limited operating history, our operating plan
and our growth strategy are unproven and we have limited insight
into the long-term trends that may impact our business.  There is
no assurance that our operating plan and growth strategy will be
successful or that we will be able to compete effectively, achieve
market acceptance for green electricity or address the risks
associated with our existing and planned business activities," the
Company said in the report.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/FrQJBL

                          Biofuels Power

Humble, Tex.-based Biofuels Power Corporation is a distributed
energy company that is pioneering the use of biodiesel to fuel
small electric generating facilities that are located in close
proximity to end-users.  BPC's first power plant is currently
located near Houston, Texas in the city of Oak Ridge North.

Biofuels Power reported a net loss of $1.08 million on $0 of sales
for the year ended Dec. 31, 2014, compared with a net loss of
$607,000 on $0 of sales for the year ended Dec. 31, 2013.

Clay Thomas, P.C., in Abilene, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered
significant losses and will require additional capital to develop
its business until the Company either (1) achieves a level of
revenues adequate to generate sufficient cash flows from
operations; or (2) obtains additional financing necessary to
support its working capital requirements.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


BLUE'S EXPRESS: Case Summary & 18 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Blue's Express, LLC
        PO Box 815
        Bluefield, VA 24605

Case No.: 15-71162

Chapter 11 Petition Date: August 14, 2015

Court: United States Bankruptcy Court
       Western District of Virginia (Roanoke)

Judge: Hon. Paul M. Black

Debtor's Counsel: Robert Tayloe Copeland, Esq.
                  COPELAND LAW FIRM, P.C.
                  P O Box 1296
                  Abingdon, VA 24212
                  Tel: 276 628-9525
                  Fax: 276-628-4711
                  Email: rtc@rcopelandlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Denise Coulter, managing member.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/vawb15-71162.pdf


BMB MUNAI: Incurs $10,480 Net Loss in June 30 Quarter
-----------------------------------------------------
BMB Munai, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $10,480
on $0 of revenues for the three months ended June 30, 2015,
compared to a net loss of $28,701 on $0 of revenues for the same
period during the prior year.

As of June 30, 2015, the Company had $8.6 million in total assets,
$8.6 million in total liabilities, all current and a stockholders'
deficit fo $48,564.

"We do not currently generate revenue and do not anticipate
generating revenue until such time as we are able to identify and
exploit a new business opportunity, if ever.  No assurance can be
given that we will be successful in this endeavor, that we will
have the sufficient funds to continue to look for a new business
opportunity, that we will have funds then available to us to take
advantage of any such opportunity if one is identified, that
management and the board of directors will be financially able to
continue providing services to the Company without compensation
while we continue searching for a business opportunity to exploit
or that our management and board of directors will not, at some
point, determine it to be in the best interest of the Company and
its stockholders to dissolve the Company.  These factors raise
substantial doubt about our ability to continue as a going concern
or to return any additional value to our stockholders."

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/9V1uEl

                          About BMB Munai

BMB Munai, Inc., is engaged in oil and natural gas exploration and
production through Emir Oil LLP, which was sold to a third party
entity in 2011.  The Company has been focused on satisfying its
post-closing undertakings in connection with the sale of Emir Oil,
winding down its operations in Kazakhstan and exploring oil and
gas opportunities.

BMB Munai reported a net loss of $18,800 on $0 of revenues for the
year ended March 31, 2015, compared with a net loss of $1.6 million
on $0 of revenues for the year ended March 31, 2014.

Eide Bailly LLP, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that BMB Munai, Inc. has no continuing
operations that result in positive cash flow.  This situation
raises substantial doubt about its ability to continue as a going
concern.


BOOMERANG TUBE: Amends Schedules of Assets and Liabilities
----------------------------------------------------------
Boomerang Tube, LLC, et al., filed with the U.S. Bankruptcy Court
for the District of Delaware their amended schedules of assets and
liabilities, disclosing:

   Name of Schedule                         Assets      
Liabilities
   ----------------                    ------------  
--------------
   A. Real Property                     $37,742,267
   B. Personal Property                $234,463,069
   C. Property Claimed as
        Exempt
   D. Creditors Holding
        Secured Claims                                 
$252,469,598
   E. Creditors Holding
        Unsecured Priority Claims                        
$3,107,606
   F. Creditors Holding
        Unsecured Non-priority Claims                   
$41,770,734
                                       ------------  
--------------
        TOTAL                          $272,205,337    
$297,347,939

Full-text copies of the Amended Schedules are available at
http://bankrupt.com/misc/BOOMERANGsal0810.pdf

The Debtors assert that they reserve the right to dispute, or to
assert offsets or defenses against, any filed claim or any claim
listed or reflected in the Amendments as to nature, amount,
liability.  Nothing contained in the amendment will preclude the
Debtors from objecting to any claim, whether scheduled or filed, on
any and all grounds, the Debtors add.

Pursuant to the Bar Date Order, the parties whose claims listed in
the Schedules are affected by the Schedule Amendments, must file a
proof of claim by September 2, 2015, at 4:00 P.M. (Prevailing
Eastern Time).

The Debtors are represented by:

          Robert S. Brady, Esq.
          Sean M. Beach, Esq.
          Margaret Whiteman Greecher, Esq.
          Ryan M. Bartley, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Tel: (302) 571-6600
          Fax: (302) 571-1253
          Email: rbrady@ycst.com
                 sbeach@ycst.com
                 mgreecher@ycst.com
                 rbartley@ycst.com

                           About Boomerang Tube

Boomerang Tube, LLC, is a manufacturer of welded Oil Country
Tubular Goods ("OCTG") in the United States.  OCTG are used by
drillers in exploration and production of oil and natural gas and
consist of drill pipe, casing and tubing.  Boomerang has corporate
offices in Chesterfield, Missouri and manufacturing facilities in
Liberty, Texas, strategically located near major steel production
centers and end-user markets.  With a 487,000 square foot plant
that houses two mills and heat treat lines and a contingent 119
acres, these facilities constitute the second largest alloy OCTG
mill in North America.  Access Tubulars, LLC, owns 81% of the
equity interests in Boomerang.

Boomerang Tube and its subsidiaries BTCSP LLC and BT Financing
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
15-11247) on June 9, 2015, with a deal with lenders on a balance
sheet restructuring that would convert $214 million of debt to 100%
of the common stock of the reorganized company.  The cases are
assigned to Judge Mary F. Walrath.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, as
attorneys; Lazard Freres & Co. LLC, as financial advisor; and
Donlin, Recano & Co., Inc., as claims and noticing agent.


BROADWAY FINANCIAL: Reports $1.1 Million Net Income for Q2
----------------------------------------------------------
Broadway Financial Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income of $1.1 million on $4.1 million of total interest income
for the three months ended June 30, 2015, compared to net income of
$59,000 on $3.8 million of total interest income for the same
period in 2014.

For the six months ended June 30, 2015, the Company reported net
income of $2.4 million on $8 million of total interest income
compared to net income of $1 million on $7.6 million of total
interest income for the same period during the prior year.

As of June 30, 2015, the Company had $359.2 million in total
assets, $319.5 million in total liabilities and $39.6 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                     http://is.gd/cwGWdk

                   About Broadway Financial

Los Angeles, Calif.-based Broadway Financial Corporation was
incorporated under Delaware law in 1995 for the purpose of
acquiring and holding all of the outstanding capital stock of
Broadway Federal Savings and Loan Association as part of the
Bank's conversion from a federally chartered mutual savings
association to a federally chartered stock savings bank.  In
connection with the conversion, the Bank's name was changed to
Broadway Federal Bank, f.s.b.  The conversion was completed, and
the Bank became a wholly owned subsidiary of the Company, in
January 1996.

The Company is regulated by the Board of Governors of the Federal
Reserve System.  The Bank is regulated by the Office of the
Comptroller of the Currency and the Federal Deposit Insurance
Corporation.

                         Regulatory Matters

As a result of significant deficiencies in the Company's and the
Bank's operations noted in a regulatory examination in early 2010,
the Company and the Bank were declared to be in "troubled
condition" and agreed to the issuance of the cease and desist
orders by the regulatory predecessor of the Office of the
Comptroller of the Currency for the Bank and the Board of Governors
of the Federal Reserve System for the Company effective Sept. 9,
2010, requiring, among other things, that the Company and the Bank
take remedial actions to improve the Bank's loan underwriting and
internal asset review procedures, to reduce the amount of its
non-performing assets and to improve other aspects of the Bank's
business, as well as the Company's management of its business and
the oversight of the Company's business by the Board of Directors.
Effective Oct. 30, 2013, the Order for the Bank was superseded by a
Consent Order entered into by the Bank with the OCC.  As part of
the Consent Order, the Bank is required to attain, and thereafter
maintain, a Tier 1 (Core) Capital to Adjusted Total Assets ratio of
at least 9% and a Total Risk-Based Capital to Risk-Weighted Assets
ratio of at least 13%, both of which ratios are greater than the
respective 4% and 8% levels for such ratios that are generally
required under OCC regulations.  The Bank's regulatory capital
exceeded both of these higher capital ratios at Dec. 31, 2014, and
2013.


CAESARS ENTERTAINMENT: Low-Ranking Creditors Sue Lenders
--------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that
lower-ranking creditors of Caesars Entertainment Operating Co. sued
the company's senior lenders, adding to the web of litigation that
is tangling the gambling company's efforts to reorganize and exit
bankruptcy.

According to the Bloomberg report, the company's lowest-ranking
bondholders will benefit if the official committee of unsecured
creditors succeeds in stripping senior lenders of some of their
repayment guarantees.  The committee claimed that collateral
pledges backing billions of dollars in loans and senior notes are
flawed and should be overturned, Bloomberg related.

Law360 reported that the junior bondholders' lawsuit hit a
roadblock when U.S. Bankruptcy Judge Benjamin Goldgar refused to
set an immediate trial and saying the claims could wait until the
plan goes up for court approval.  According to Law360, Judge
Goldgar ruled from the bench in Chicago that the matter wasn't an
emergency and declined to set a trial.  The judge went even further
and said he would likely deny the noteholder committee's motion for
a preliminary injunction, suggesting that they drop the case and
potentially raise their claims later as an objection to
confirmation of CEOC's reorganization plan, the Law360 report
related.

The case is Statutory Unsecured Claimholders Committee v. BOKF NA.
15-00571, U.S. Bankruptcy Court, Northern District of Illinois
(Chicago).

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

In January 2015, Caesars Entertainment and subsidiary Caesars
Entertainment Operating Company, Inc., announced that holders of
more than 60% of claims in respect of CEOC's 11.25% senior secured
notes due 2017, CEOC's 8.5% senior secured notes due 2020 and
CEOC's 9% senior secured notes due 2020 have signed the Amended
and Restated Restructuring Support and Forbearance Agreement,
dated
as of Dec. 31, 2014, among Caesars Entertainment, CEOC and the
Consenting Creditors.  As a result, The RSA became effective
pursuant to its terms as of Jan. 9, 2015.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case
No. 15-10047) on Jan. 12, 2015.  The bondholders are represented
by Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor
LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.

The U.S. Trustee appointed Richard S. Davis as Chapter 11
examiner.

                         *     *     *

The Troubled Company Reporter, on April 27, 2015, reported that
Fitch Ratings has affirmed and withdrawn the Issuer Default
Ratings (IDR) and issue ratings of Caesars Entertainment Operating
Company (CEOC).  These actions follow CEOC's Chapter 11 filing on
Jan. 15, 2015.  Accordingly, Fitch will no longer provide ratings
or analytical coverage for CEOC.

In addition, Fitch has affirmed the IDR and issue rating of
Chester Downs and Marina LLC (Chester Downs) and the ratings have
been simultaneously withdrawn for business reasons.


CAMP INT'L: Moody's Cuts Corp Family Rating to Caa1, Outlook Stable
-------------------------------------------------------------------
Moody's Investors Service downgraded CAMP International Holding
Company's Corporate Family Rating ("CFR") and Probability of
Default Ratings to Caa1 and Caa1-PD, respectively from B3 and B3-PD
after the company issued $200 million of 11% PIK senior notes due
2022 (unrated) at the company's holding company, CAMP Investors II,
Inc.  Proceeds are being used primarily to fund a dividend to
shareholders.  Concurrently, the first lien bank debt ratings were
affirmed at B2 and the company's second lien term loan was affirmed
at Caa2.  The ratings outlook is stable.

The transaction increases debt/EBITDA by over 2.0 turns in an
already highly levered debt structure.  Of note, the interest
expense associated with the new holdco debt is PIK interest for the
next five years.  CAMP's $30 million first lien revolving credit
facility is expected to remain undrawn.  The B2 rating on the
company's first lien debt reflects its priority claim on the
company's assets.  The Caa2 rating on the second lien debt is
reflective of the amount of first lien debt above the second lien
in the company's debt structure.  The first and second lien term
loans are guaranteed by CAMP's operating subsidiaries and secured
by all of the company's assets.  The new holdco PIK notes are
unsecured and not guaranteed by operating subsidiaries.

Ratings downgraded:

  Corporate family rating, to Caa1 from B3
  Probability of default rating, to Caa1-PD from B3-PD

Ratings affirmed:

  $30 million first lien revolving credit facility due 2017, at B2

   (LGD-2) from B2 (LGD-3)

  $352.5 million first lien term loan due 2019, at B2 (LGD-2) from

   B2 (LGD-3)

  $145 million second lien term loan due 2019, at Caa2 (LGD-4)
   from Caa2 (LGD-5)

  Outlook, Stable

RATINGS RATIONALE

The downgrade of CAMP's CFR by one notch to Caa1 reflects the
aforementioned additional leverage incurred primarily as a result
of the debt-funded dividend in addition to a $25 million add-on to
the company's term loan completed in April of this year to
partially finance bolt-on acquisitions.  The ratings had previously
incorporated Moody's expectation that the company would de-leverage
from already high leverage levels.  The company's small revenue
base and very high debt-to-EBITDA leverage are somewhat tempered by
its good market position in niche aircraft services and its high
proportion of revenue generated from stable subscriptions.  Moody's
views the current over $190 million dividend to shareholders in
addition to the debt-funded $98 million dividend paid to
shareholders at the end of 2013 as reflective of an aggressive
financial policy given the large size of these dividends relative
to the company's revenue and free cash flow.  Leverage metrics
including debt/revenues of approximately 6.0 times is high for the
rating category both with respect to the aerospace/defense and
software sectors.  The ratings also reflect integration risk from
the company's acquisitive business strategy.

Partially counterbalancing the aforementioned factors are the
stability provided by the company's subscription based business,
cash EBIT/interest coverage of over 1.0 times and consistent
positive annual free cash flow.  CAMP's good market position as a
provider of business aircraft maintenance tracking services also
supports the Caa1 CFR.  The ratings consider the company's market
position within its niche with over 80% of new business jet
deliveries reportedly delivered with CAMP systems, high customer
renewal rates and strong EBITDA margins.  Moody's believes the less
cyclical nature of the company's business relative to the business
jet industry is favorable as it helps ensure consistent earnings
and cash flow throughout downturns.

The stable outlook is based on the company's relatively stable
subscription-based business, good liquidity profile and expectation
of continued positive free cash flow generation.

The ratings could be downgraded if revenues decline, operating
margins decline from current levels or free cash flow weakens.  In
addition, a deterioration in the company's liquidity profile
including expected inability to make interest or principal
amortization payments could also prompt a downgrade.

A ratings upgrade would likely be prompted by a demonstrated
ability to grow revenues while maintaining EBITDA margins, the
expectation of a continued good liquidity profile and debt/EBITDA
trending towards 6.5x on a sustained basis.

The principal methodology used in these ratings was Global
Aerospace and Defense Industry published in April 2014.  Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

CAMP International Holding Company, based in Ronkonkoma, New York
provides aircraft maintenance tracking, inventory control and
flight scheduling services management programs.  Annual revenues
exceed $100 million.  CAMP was acquired through a leveraged buy-out
by affiliates of the financial sponsor GTCR, LLC in a $700 million
transaction in May 2012.



CANCER GENETICS: Announces Strong Second Quarter 2015 Results
-------------------------------------------------------------
Cancer Genetics, Inc. reported a net loss of $4.9 million on $4.2
million of revenue for the three months ended June 30, 2015,
compared to a net loss of $4.2 million on $1.5 million of revenue
for the same peirod in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $9.2 million on $8.5 million of revenue compared to a net
loss of $6.6 million on $2.9 million of revenue for the same period
a year ago.

As of June 30, 2015, the Company had $39.8 million in total assets,
$13 million in total liabilities and $26.7 million in total
stockholders' equity.

"As our second quarter numbers demonstrate, CGI's business
continues to build significant momentum," said Panna Sharma, CEO &
president of Cancer Genetics, Inc.  "We are experiencing some of
the strongest growth gains in our company's history as a result of
our focused M&A strategy, strong sales efforts and higher adoption
rates for our tests in the marketplace."

"Our market penetration and revenue trajectory, which are driven by
both strong organic growth and meaningful contributions from our
recent acquisitions, continue to expand significantly.  This
continued growth is achieved all while we remain focused on further
advancing our already unrivaled portfolio of genomic capabilities
in oncology," continued Sharma.

During the second quarter, the company reached major milestones,
both in the United States and abroad.  Key partnerships were
established to grow global capabilities, acquisitions added revenue
and expanded services to new geographic regions, and new business
has seen some of the most significant gains in company history.

Total cash and equivalents at June 30, 2015, was $23.7 million, as
compared to $25.6 million as of Dec. 31, 2014.

A copy of the press release is available for free at:

                         http://is.gd/ktAsSw

                        About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $16.6 million in 2014, a net
loss of $12.4 million in 2013 and a net loss of $6.66 million in
2012.


CARETRUST REIT: S&P Revises Outlook to Positive & Affirms 'B' CCR
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on CareTrust
REIT Inc. (CTRE) to positive from stable.  At the same time, S&P
affirmed its 'B' corporate credit rating and its 'B+' issue-level
rating on its senior unsecured notes.

"The positive outlook acknowledges our favorable opinion of the
Liberty Health Care (Liberty) acquisition and the manner in which
it was financed," said credit analyst Michael Souers.  "The roughly
$175 million purchase of Liberty included 11 skilled nursing
facilities and three skilled nursing campuses (which also have some
senior housing beds), representing 1,258 beds in total. The company
expects the initial cash yield on these properties to be 9.6%, and
the company is financing the bulk of the acquisition with a 14.2
million issuance of common equity (roughly $165 million).  In
addition, we favor the company's announcement of a new $300 million
unsecured revolving credit facility, which replaced a $150 million
secured revolver, giving the company additional financial
flexibility.  We expect CTRE to continue pursuing acquisitions at a
strong clip, particularly for a company of its size, in order to
increase its scale and diversify its tenant base."

S&P believes CTRE is financing acquisitions largely with equity,
leading to improving credit metrics, and that the company's
triple-net leased properties have strong rent coverage and long
lease tenors.  This supports the positive outlook.  S&P also
expects the company to maintain adequate liquidity and covenant
cushion.

S&P would consider raising the rating within the next 12 months if
CTRE establishes and maintains a steady investment and prudent
funding strategy that increases the scale and diversity of the
platform, strengthens its credit metrics, and maintains adequate
covenant cushion and liquidity.  This could prompt S&P to remove
the negative financial policy modifier.

S&P would consider revising the outlook back to stable if the
company pursues debt-financed acquisitions or cannot access the
equity market to help fund external growth, which causes its key
credit metrics deteriorate.  S&P would also consider lowering the
rating if the company encounters tenant stress within its small,
concentrated portfolio.



CHRYSLER GROUP: 6th Circ. Urged Not to Revive Execs' Age Bias Claim
-------------------------------------------------------------------
Law360 reported that former Chrysler executives suing over the loss
of retirement benefits during the carmaker's bankruptcy shouldn't
have another crack at their suit, Daimler AG told the Sixth
Circuit, saying it should uphold the district court's finding that
their last remaining claim, for age discrimination, didn't meet the
appellate court's prescribed standard.

According to the report, in a brief, Daimler urged the panel to
affirm U.S. District Judge Julian Cook's decision that the
state-law age discrimination claim did not line up with the terms
of the federal Age Discrimination Employment Act.

The case is John Loffredo, et al v. Daimler AG, et al., Case No.
15-1443 (6th Circ.).

                     About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in
June 2009, formally sold substantially all of its assets to the
new
company, named Chrysler Group LLC.

In January 2014, the American car manufacturer officially became
100% Italian when Fiat Spa completed its deal to purchase the 40%
it did not already own of Chrysler.  Fiat has shared ownership of
Chrysler with the health care fund of the United Automobile
Workers unions since Chrysler emerged from bankruptcy in 209.

                           *     *     *

Standard & Poor's Ratings Services raised its ratings on U.S.-
based auto manufacturer Chrysler Group LLC, including the
corporate credit rating to 'BB-' from 'B+' in mid-January 2014.
The outlook is stable.


CICERO INC: Incurs $701,000 Net Loss in Second Quarter
------------------------------------------------------
Cicero Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss applicable to
common stockholders of $701,000 on $509,000 of total operating
revenue for the three months ended June 30, 2015, compared to a net
loss applicable to common stockholders of $683,000 on $553,000 of
total operating revenue for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss applicable to common stockholders of $1.5 million on $968,000
of total operating revenue compared to a net loss applicable to
common stockholders of $1.4 million on $1.1 million of total
operating revenue for the same period a year ago.

As of June 30, 2015, the Company had $2.1 million in total assets,
$9.3 million in total liabilities and a $7.2 million total
stockholders' deficit.

Cash and cash equivalents increased to $57,000 at June 30, 2015,
from $20,000 at Dec. 31, 2014, an increase of $37,000.  The
increase is primarily attributable to the collections of accounts
receivable from year end, revenue generated in the first six months
of 2015 and short term borrowings.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/HIACnj

                        About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

The Company has extended the maturity dates of several debt
obligations that were due in 2011 to 2012, to assist with
liquidity and may attempt to extend these maturities again if
necessary.  Despite the recent additions of several new clients,
the Company continues to struggle to gain additional sources of
liquidity on terms that are acceptable to the Company.

Cicero reported a net loss applicable to common stockholders of
$4.05 million on $1.9 million of total operating revenue for the
year ended Dec. 31, 2014, compared to a net loss applicable to
common stockholders of $3.33 million on $2.19 million of total
operating revenue in 2013.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" in its report on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2014.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


COATES INTERNATIONAL: Incurs $4 Million Net Loss in 2nd Quarter
---------------------------------------------------------------
Coates International, Ltd., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $4 million on $4,800 of total revenues for the three months
ended June 30, 2015, compared to a net loss of $2.3 million on
$4,800 of total revenues for the same period during the prior
year.

For the six months ended June 30, 2015, the Company reported a net
loss of $6.8 million on $9,600 of total revenues compared to a net
loss of $2.8 million on $9,600 of total revenues for the same
period in 2014.

As of June 30, 2015, the Company had $2.4 million in total assets,
$7.5 million in total liabilities and a stockholders' deficit of
$5.1 million.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/EaF28y

                            About Coates

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated on August 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2014, Cowan, Gunteski & Co., P.A., expressed
substantial doubt about the Company's ability to continue as a
going concern, citing that the Company continues to have negative
cash flows from operations, recurring losses from operations, and a
stockholders' deficiency.


COLT DEFENSE: Aug. 19 Hearing on Committee Bid to Retain Kilpatrick
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Colt Holding Company, LLC, is asking the U.S. Bankruptcy
Court for the District of Delaware for permission to retain
Kilpatrick Townsend & Stockton LLP, as its counsel, nunc pro tunc
to June 25, 2015.

The hourly rates of Kilpatrick's personnel are:

         Partners                   $580 to $870
         Counsel                        $580
         Associates                     $445
         Paralegals                     $265

Kilpatrick personnel who will be primarily responsible in the
matter and their hourly rates are:

         Todd C. Meyers                 $870
         David M. Posner                $835
         Shane G. Ramsey                $580
         Michael D. Langford            $580
         Matthew R. Hindman             $445

To the best of the Committee's knowledge, Kilpatrick does not
represent any other entity having an adverse interest in connection
with the cases.  

The Committee set a hearing on the matter on Aug. 19, 2015, at 2:00
p.m.

                        About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code to pursue a
sale of the assets as a going concern.  The cases are pending joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, Perella Weinberg Partners LP as financial
advisor, and Kurtzman Carson Consultants LLC as claims and noticing
agent.  

The Court authorized Keith A. Maib as chief restructuring officer
of the Debtor.

The U.S. Trustee appointed five creditors to serve in the official
committee of unsecured creditors.  The Committee tapped to retain
Kilpatrick Townsend & Stockton LLP as its counsel, Klehr Harrison
Harvey Branzburg LLP as its Delaware co-counsel, and
FTI Consulting Inc. as its financial advisor.



COLT DEFENSE: Committee Taps Klehr Harrison as Delaware Co-Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Colt Holding Company, LLC, et al., asks the U.S.
Bankruptcy Court for the District of Delaware for permission to
retain Klehr Harrison Harvey Branzburg LLP as its Delaware
co-counsel, nunc pro tunc to June 25, 2015.

The Court will consider the request at a hearing scheduled for Aug.
19, at 2:00 p.m.

Klehr Harrison will bill at its normal hourly rates of:

         Partners             $360 - $700
         Associates           $230 - $425
         Paralegals           $150 - $300

The principal attorneys and paralegal at Klehr Harrison designated
to represent the Committee and their hourly rates are:

         Richard M. Beck, partner              $585
         Domenic E. Pacitti, partner           $565
         Sally E. Veghte, associate            $300
         Melissa Hughes, paralegal             $180

To the best of the Committee's knowledge, Klehr Harrison does not
represent any adverse interest to the Debtors, their creditors or
any other party-in-interest.

                            About Colt

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code to pursue a
sale of the assets as a going concern.  The cases are pending joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, Perella Weinberg Partners LP as financial
advisor, and Kurtzman Carson Consultants LLC as claims and noticing
agent.  

The Court authorized Keith A. Maib as chief restructuring officer
of the Debtor.

The U.S. Trustee appointed five creditors to serve in the official
committee of unsecured creditors.  The Committee tapped to retain
Kilpatrick Townsend & Stockton LLP as its counsel, Klehr Harrison
Harvey Branzburg LLP as its Delaware co-counsel, and
FTI Consulting Inc. as its financial advisor.



COLT DEFENSE: Keith A. Maib Okayed as Chief Restructuring Officer
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Colt Holding Company, LLC, to employ Mackinac Partners, LLC, as
crisis managers; and appoint Keith A. Maib as chief restructuring
officer, nunc pro tunc to the Petition Date.

Colt Defense LLC entered into an agreement, effective as of March
8, 2015, to retain Mackinac Partners as restructuring financial
advisor to the Company and Mr. Maib, a senior managing director of
Mackinac Partners, as the Company's CRO.

According to a document filed with the Securities and Exchange
Commission, Mr. Maib will work on a day-to-day basis
collaboratively with the senior management team, the Company's
Governing Board, the restructuring committee and other Company
professionals with respect to the Company's restructuring.  In
addition to his duties as a CRO of the Company, Mr. Maib will
provide other advisory services to the Company as described in the
Agreement, including to review and analyze the Company's financial
results, projections and operational data.

As compensation for services to be rendered by Mackinac Partners,
including services to be rendered by Mr. Maib, under the Agreement,
the Company has agreed to pay Mackinac Partners $150,000 a month
for the duration of Mackinac Partners' engagement with the Company.
The Company will pay 70% of the monthly fee in advance each month
and the remaining 30% will be paid at the end of the engagement of
Mackinac Partners.  Other Mackinac Partners professionals may
render services to the Company, subject to terms and conditions of
the agreement.

The Company will indemnify Mackinac Partners, various related
entities and their controlling persons, representatives and agents,
subject to terms and conditions of the Agreement.  Either the
Company or Mackinac Partners may terminate the Agreement at any
time upon 30 days' written notice to the other, subject to terms
and conditions of the agreement.

                            About Colt

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code to pursue a
sale of the assets as a going concern.  The cases are pending joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, Perella Weinberg Partners LP as financial
advisor, and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Court authorized Keith A. Maib as chief restructuring officer
of the Debtor.

The U.S. Trustee appointed five creditors to serve in the official
committee of unsecured creditors.  The Committee tapped to retain
Kilpatrick Townsend & Stockton LLP as its counsel, Klehr Harrison
Harvey Branzburg LLP as its Delaware co-counsel, and FTI Consulting
Inc. as its financial advisor.



COLT DEFENSE: Perella Weinberg Approved as Financial Advisor
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Colt Holding Company LLC, et al., to employ Perella Weinberg
Partners LP as financial advisor.

In a declaration, Keith A. Maib, chief restructuring officer of the
Debtor, said that the PWP has been and continues to be critical to
the Debtors' restructuring efforts, and that the Debtors' efforts
to restructure would be harmed if they could not retain PWP as
financial advisor.

PWP's services to the Debtors are not exclusive to assisting with
the proposed sale transaction and postpetition financing.  In the
event that a feasible plan of reorganization emerges and comes to
fruition (which may be a plan proposed by the Ad Hoc Consortium of
Holders of 8.75% Senior Notes due 2017), the Debtors would require
PWP's assistance in establishing the feasibility of such plan,
including the terms of any exit financing, and determining whether
the plan is in the best interests of the Debtors and their
estates.

In reply to the objection of the consortium to the Perella
application, the Debtors related that the motion must be granted
because the Debtors, in their business judgment, view the services
of a financial advisor as necessary to enhance a value maximizing
transaction in these cases -- whether it be in the form a plan of
reorganization that equitizes parties currently in the capital
structure or an alternative, such as a sale transaction.

The consortium, in its objection, asked Perella to consider a
reduced compensation structure, better adjusted to present case
circumstance.

The Debtor tapped Perella to, among other things:

   a) review the Debtors' financial condition and outlook;

   b) assist in the development of financial data and
presentations to the Debtors, various creditors, and other
parties; and

   c) analyze the Debtors' financial liquidity and evaluating
alternatives to improve such liquidity.

Prior to the commencement of the Chapter 11 cases and under the
terms of the engagement agreement, the Debtors provided Perella
with a retainer in the amount of $100,000, which was drawn down
prior to the Petition Date and has not been replenished.  In total,
the Debtors paid PWP $613,061 for services rendered and for
reasonable out-of-pocket expenses prior to the Petition Date.  As
of the Petition Date, the Debtors do not owe PWP any fees for
services performed or expenses incurred under the engagement
agreement.

In addition to Perella's fees for professional services, the
Debtors have agreed to promptly reimburse PWP for all of its
reasonable and documented out-of-pocket expenses arising in
connection with the Restructuring, travel, and hotel expenses,
third-party research expenses, and courier and postage services).

To the best of the Debtor's knowledge, Perella is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                        About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions in the U.S. Bankruptcy Court
for the District of Connecticut.  An investment by Zilkha & Co.
allowed CMC to confirm a chapter 11 plan and emerge from bankruptcy
in 1994.

Sometime after 1994, majority ownership of the Company transitioned
from Zilkha & Co. to Sciens Capital Management.

On June 14, 2015, Colt Holding Company LLC and 9 affiliates,
including Colt Defense LLC, filed voluntary petitions for relief
under Chapter 11 of the United States Bankruptcy Code to pursue a
sale of the assets as a going concern.  The cases are pending joint
administration under Case No. 15-11296 (Bankr. D. Del.).

Colt Defense estimated $100 million to $500 million in assets and
debt.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, Perella Weinberg Partners LP as financial
advisor, and Kurtzman Carson Consultants LLC as claims and noticing
agent.  

The Court authorized Keith A. Maib as chief restructuring officer
of the Debtor.

The U.S. Trustee appointed five creditors to serve in the official
committee of unsecured creditors.  The Committee tapped to retain
Kilpatrick Townsend & Stockton LLP as its counsel, Klehr Harrison
Harvey Branzburg LLP as its Delaware co-counsel, and
FTI Consulting Inc. as its financial advisor.



CORD BLOOD: RBSM LLP Replaces De Joya as Accountants
----------------------------------------------------
De Joya Griffith, LLC, resigned as Cord Blood America, Inc.'s
independent registered public accountants on Aug. 7, 2015,
according to a document filed with the Securities and Exchange
Commission.  The Company engaged RBSM LLP to serve as its new
independent registered public accountants.  The Company's Audit
Commit approved the change in auditors.

The Former Accountant issued its auditors' report on the financial
statements for the fiscal years ended Dec. 31, 2013, and Dec. 31,
2014.  The Former Accountant's auditor report on the financial
statements for the years ended Dec. 31, 2013, and Dec. 31, 2014,
included an explanatory paragraph as to the Company's ability to
continue as a going concern.

Other than the going concern uncertainty, the Former Accountant's
auditor report on the financial statements of the Registrant for
the periods ended Dec. 31, 2013, and Dec. 31, 2014, contained no
adverse opinion or disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principle.

During the periods ended Dec. 31, 2013, and Dec. 31, 2014, and
through Aug. 13, 2015, neither the Company nor anyone on its behalf
has consulted with the New Accountant.

                      About Cord Blood America

Based in Las Vegas, Nevada, Cord Blood America, Inc., is primarily
a holding company whose subsidiaries include Cord Partners, Inc.,
CorCell Co. Inc., CorCell Ltd.; CBA Professional Services, Inc.
D/B/A BodyCells, Inc.; CBA Properties, Inc.; and Career Channel
Inc, D/B/A Rainmakers International.  Cord specializes in
providing private cord blood stem cell preservation services to
families.  BodyCells is a developmental stage company and intends
to be in the business of collecting, processing and preserving
peripheral blood and adipose tissue stem cells allowing
individuals to privately preserve their stem cells for potential
future use in stem cell therapy.  Properties was formed to hold
the corporate trademarks and other intellectual property of CBAI.
Rain specializes in creating direct response television and radio
advertising campaigns, including media placement and commercial
production.

The Company has been the subject of a going concern opinion by its
independent auditors who have raised substantial doubt as to the
Company's ability to continue as a going concern.  De Joya
Griffith, LLC, in Henderson, NV, noted that the Company has
incurred losses from operations, which losses have caused an
accumulated deficit of approximately $53.46 million as of Dec. 31,
2014.

The Company disclosed net income of $240,000 on $4.33 million of
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$2.97 million on $3.82 million of revenue for the year ended Dec.
31, 2013.  As of March 31, 2015, the Company had $3.79 million in
total assets, $4.69 million in total liabilities and a $899,954
total stockholders' deficit.


CORPORATE RESOURCE: Can Use Cash Collateral Until Aug. 20
---------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware signed off a second interim order authorizing
Corporate Resource Services, Inc., to use cash collateral until
August 20, 2015, subject to any valid, existing, binding and
perfected liens and security interests held by Wells Fargo.

Nothing in the Second Interim Cash Collateral Order authorizes the
Debtor to dispose of any assets of the Debtors or the Estates
outside the ordinary course of business, or any of the Debtor's use
of Cash Collateral or other proceeds resulting therefrom, except as
permitted in the said Order.

As adequate protection for the use of cash collateral alleged to be
that of Wells Fargo, Wells Fargo will be granted valid, binding,
enforceable and automatically perfected replacement liens on and
security interests in the same types and items of the Debtor's
property that Wells Fargo held a valid, enforceable, binding and,
properly perfected lien or security interest in prepetition.  In
addition, Wells Fargo will be granted, solely to the extent of any
diminution in the value of Wells Fargo's alleged collateral and
allowed superpriority administrative expense claim in each of the
cases, provided, however, that the Wells Fargo adequate protection
superpriority claim will only extend to the extent that Wells Fargo
maintains a valid, binding, enforceable and perfected prepetition
lien against the prepetition collateral.  The Debtor will, in
accordance with the budget, reserve adequate protection payment
amounts for Wells Fargo.

The Bankruptcy Court sets for final hearing on August 20, 2015 at
12:30 p.m.

Corporate Resource Services, Inc. is represented by:

          Ronald S. Gellert, Esq.
          Brya M. Keilson, Esq.
          GELLERT SCALI BUSENKELL & BROWN, LLC
          913 N. Market Street, 10th Floor
          Wilmington, DE 19801
          Tel: (302) 425-5800
          Fax: (302) 425-5814
          Email: rgellert@gsbblaw.com
                 bkeilson@gsbblaw.com

                           About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider of
employment and human resource solutions for corporations throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard &
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financial advisors and investment bankers, and (e) Rust Omni LLC as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


CORPORATE RESOURCE: Owes $1.3-Mil. in Wages to Employees
--------------------------------------------------------
Corporate Resource Services, Inc., et al., filed with the U.S.
Bankruptcy Court for the District of Delaware amendments to
Schedule E - Creditors Holding Unsecured Priority Claims,
disclosing that it is owed $1,359,261 in wages, salaries and
commissions.  A full-text copy of Amended Schedule E dated July 29,
2015, is available at http://bankrupt.com/misc/CRIsal0729.pdf

                      About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider
of
employment and human resource solutions for corporations
throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment
staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of
millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
&
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financail avisors and investment bankers, and (e) Rust Omni LLC as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


CORPORATE RESOURCE: Proposes to Sell Accounts Receivables
---------------------------------------------------------
Corporate Resource Services, Inc., et al., seek authority from the
U.S. Bankruptcy Court for the District of Delaware to sell their
accounts receivables through bidding and auction.

The Debtors estimate that $30,000,000 of accounts receivable remain
outstanding.  Although the Debtors continue to collect their
accounts receivables, the Debtors recognize that a bulk sale of
receivables that remain uncollected at the time need to be sold as
a portfolio package.  At present, the Debtors do not have a
stalking horse for the purchase of the Remaining Accounts
Receivables.

The Debtors propose that the bid deadline be set for September 21,
2015, at 5:00 p.m. prevailing Eastern time, the Auction be
scheduled for the following day, and the Court conduct a hearing to
approve the sale on or before September 24.

The hearing on the approval of the proposed bidding procedures is
August 20, 2015 at 12:30 p.m.

The Debtors are represented by:

          Ronald S. Gellert, Esq.
          GELLERT SCALI BUSENKELL & BROWN, LLC
          913 N. Market Street, 10th Floor
          Wilmington, DE 19801
          Tel: (302)425-5806
          Fax: (302)425-5814
          Email: Rgellert@gsbblaw.com

                        About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider
of
employment and human resource solutions for corporations
throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment
staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of
millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
&
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financail avisors and investment bankers, and (e) Rust Omni LLC as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


CORPORATE RESOURCE: Seeks to Sell Ownership Interests in Abest
--------------------------------------------------------------
Corporate Resource Services, Inc., et al., seek authority from the
U.S. Bankruptcy Court for the District of Delaware to sell its
ownership interests in Abest Power Holdings, LLC, to Rosa Power,
LLC.

According to the Debtors, the Abest interests are of limited value
and the BP Guaranty, which required CRS to indemnify BP Energy
Company for up to $4,000,000 of liability that BP might suffer in
connection with its dealings with Abest, represents a potentially
substantial claim against the estates.  The Debtors have determined
that the sale is the most economical and responsible way to dispose
of the Abest interests recovering some cash, but perhaps more
importantly, alleviating the potential liabilities under the BP
Guaranty.

By way of the sale to Rosa Power, the holder of the other 50
membership interests in Abest, the Debtors will receive $300,000 in
cash, a secured limited recourse promissory note of up to
$1,000,000 in proceeds of 20% of the Abest interests being sold by
CRS, and a release of the $4,000,000 indemnity obligations that may
be owed to BP.

The Debtors are represented by:

          Ronald S. Gellert, Esq.
          GELLERT SCALI BUSENKELL & BROWN, LLC
          913 N. Market Street, 10th Floor
          Wilmington, DE 19801
          Tel: (302)425-5806
          Fax: (302)425-5814
          Email: Rgellert@gsbblaw.com

                        About Corporate Resource

Corporate Resource Services, Inc., was a New York-based provider
of
employment and human resource solutions for corporations
throughout
the United States.  CRS leases its headquarters and does not own
any real property.  About 90% of CRS shares are owned by Robert
Cassera and the balance are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment
staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of
millions
of dollars of the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on
Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  Judge Kevin J. Carey presides
over the Chapter 11 cases.  The Debtors tapped (a) Gellert Scali
Busenkell & Brown, LLC, as bankruptcy counsel, (b) Wilmer Cutler
Pickering Hale & Dorr LLP, as special counsel; (c) Carter Ledyard
&
Milburn LLP, as special SEC counsel, (d) SSG Capital Advisors as
financail avisors and investment bankers, and (e) Rust Omni LLC as
claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.


CROWN CASTLE: Moody's Raises CFR to Ba1, Outlook Stable
-------------------------------------------------------
Moody's Investors Service upgraded Crown Castle International
Corp's ratings, including Corporate Family Rating to Ba1 from Ba2
and senior unsecured rating to Ba3 from B1.  Moody's also upgraded
the senior secured credit facility rating to Ba1 from Ba2 at Crown
Castle Operating Company and raised its backed senior secured
rating at CC Holding GS V LLC to Baa2 from Baa3.  The rating
outlook is stable.

The ratings upgrade reflects Crown Castle's very strong recent
performance and substantial progress in reducing financial leverage
that along with its robust cash flows and a disciplined financial
policy resulted in a stronger credit profile.  Crown Castle reduced
its net debt/EBITDA to 6.1x from its acquisition-driven peak level
of 8.1x at the end of FY2012 (both metrics calculated using Moody's
operating lease adjustments) while growing its domestic tower
portfolio to 40,000 from 31,000 during that timeframe.  The REIT
enhanced its liquidity position by expanding its revolving credit
facility to $2.2 billion earlier this year and expects to further
strengthen its cash flows, targeting a compounded annual growth in
its adjusted funds from operations per share of 6%-7% organically
over the next five years.  The upgrade also takes into account
Moody's expectation that Crown Castle's high-quality portfolio of
wireless infrastructure assets will continue to generate healthy
organic growth rates, buoyed by growing wireless data demand.
Furthermore, the rating action recognizes the strategic benefits of
Crown Castle's recent $1 billion investment into a fast growing
small cell business through the acquisition of Sunesys, which was
financed in a leverage-neutral manner.

These ratings were upgraded, with a stable outlook:

  Crown Castle International Corp -- Corporate Family Rating to
   Ba1 from Ba2 and senior unsecured rating to Ba3 from B1.

  Crown Castle Operating Company -- senior secured credit facility

   rating to Ba1 from Ba2

  CC Holding GS V LLC -- senior secured rating to Baa2 from Baa3

RATINGS RATIONALE

Crown Castle's Ba1 corporate family rating reflects the REIT's
position as the leading independent provider of shared wireless
infrastructure in the U.S., geographic diversification within the
domestic market, and ample liquidity.  CCI's high visibility into
future earnings due to long-term leases with annual escalations,
high credit quality tenants, and the ability to generate
significant free cash flow also support the rating.  Moody's
believes that wireless infrastructure industry fundamentals and
growth trends --both in towers and small cells -- remain favorable
over the next several years owing to continued strong demand for
wireless and data services, the acceleration in mobile traffic and
continued build out of carriers' wireless networks.  These credit
strengths are offset by the REIT's high share of secured debt in
its capital structure and significant tenant concentration.
Importantly, structural subordination and material subsidiaries
with secured debt in CCI's capital structure are key credit
challenges that constrain the REIT's ratings.  Crown Castle's
ratings are also tempered by its exposure to technology network
shifts or major technological transformation and untested
alternative use for its properties should such dramatic changes
occur -- risks that are not typically associated with traditional
commercial REITs.

The stable outlook reflects Moody's expectation that Crown Castle
will continue to pursue a disciplined financial policy and make
progress simplifying its capital structure over time, but that it
could take some time before the REIT is able to adequately address
its restrictive capital structure.  It also incorporates Moody's
expectation of continued EBITDA and cash flow expansion that will
allow the REIT to maintain, if not improve, its credit profile and
leverage metrics.

In order to strengthen its credit profile sufficiently to warrant
an upgrade to investment grade, Crown Castle will need to align its
capital structure with its strong fundamentals by simplifying its
capital structure, resolving structural subordination issues and
reducing its reliance on secured debt funding.  An upgrade to
investment grade would also require Crown Castle to sustain strong
credit metrics, including net debt/EBITDA below 6x (calculated
including Moody's operating lease adjustment) and effective
leverage (debt plus preferred as a percentage of gross assets)
closer to 60%.

Conversely, if operating performance deteriorated or if the REIT
chose to pursue an aggressive financial policy (including large
debt-funded acquisitions or shareholder-friendly return policy)
such that net debt/EBITDA is sustained above 7x or effective
leverage (defined as debt plus preferred as a percentage of gross
assets) sustained in the high 70% range, a downgrade could occur.

Moody's last rating action with respect to Crown Castle was on June
20, 2014, when the rating agency affirmed the Ba2 corporate family
rating of Crown Castle International Corp. and all other existing
ratings of Crown Castle and its subsidiaries with a stable
outlook.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.

Crown Castle [NYSE: CCI] is real estate investment trust based in
Houston, Texas which owns, operates and leases towers and other
infrastructure for wireless communications.  Crown Castle's
portfolio includes approximately 40,000 towers and 15,000 small
cell nodes supported by approximately 16,000 miles of fiber.



DEL MONTE FOODS: S&P Affirms 'B' CCR, Outlook Remains Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Walnut Creek, Calif.-based Del Monte Foods Inc. At
the same time, S&P affirmed its 'B' issue-level rating on the
company's first-lien term loan and the 'CCC+' issue-level rating on
the company's second-lien term loan.  The outlook remains negative.


The recovery ratings on the term loans remain unchanged.  The '3'
recovery rating on the first-lien term loan indicates S&P's
expectation for meaningful recovery (in the lower half of the
50%-70% range) in the event of a payment default.  The '6' recovery
rating on the second-lien term loan indicates that lenders could
expect negligible recovery (0%-10%) in the event of a payment
default.

S&P estimates that as of May 3, 2015, the company had $1.2 billion
in adjusted debt outstanding.

"The affirmation reflects our expectation that operating
performance will improve in 2016 compared with fiscal 2015 results
primarily because of higher volumes due to the return to the
classic Del Monte label and sales to the U.S. Department of
Agriculture (USDA), the Sager Creek acquisition, and less
promotional pricing," said Standard & Poor's credit analyst Bea
Chiem.  "The 'B' corporate credit rating also reflects the
company's EBITDA coverage of interest over 2x," she added.

S&P expects credit ratios to improve but remain at weak levels
including leverage and funds from operations (FFO)/debt roughly 7x
and 9%, respectively, in 2016.  However, the negative outlook
reflects S&P's view of the company's leverage, which remains very
high after operational difficulties in fiscal 2014 that have not
fully reversed in 2015.

The negative outlook reflects the possibility that S&P could lower
the rating over the next six months if the company is not able to
restore profitability closer to historical levels over the first
half of fiscal 2016, resulting in leverage greater than S&P's
base-case forecast of 7x by the end of 2016 or if liquidity becomes
constrained.  S&P believes this could occur if the company faces
increased competition or is unable to execute its business
strategies.  A shift toward more aggressive financial policies
resulting in an increase in debt to fund shareholder-friendly
activities or an acquisition could also weigh negatively on
ratings.

S&P could return the outlook back to stable if DMFI's financial
results in the first half of 2016 illustrate progress toward
improving EBITDA and leverage is tracking to S&P's forecast.  The
company can achieve this by maintaining current debt levels and
improving profitability through pricing, higher volumes, and
product innovation.



DORAL FINANCIAL: HCL Seeks Release of $282K Security Deposit
------------------------------------------------------------
HCL America, Inc., asks the United States Bankruptcy Court for the
Southern District of New York to modify the automatic stay imposed
on the Chapter 11 case of Doral Financial Corporation to have a
security deposit released to Fifth Avenue Building Company LLC.

On or about January 12, 2015, the Debtor, as sublandlord, and HCL,
as subtenant, entered into a written sublease for the use and
occupancy of the entire nineteenth floor.  HCL paid security to the
Debtor in the amount of $282,477.  HCL has recently entered into a
direct lease with the Landlord for use and occupancy of the
Subleased Premises.  The New Lease requires HCL to move to have the
security deposit returned.

HCL America, Inc., is represented by:

          Frank F. Velocci, Esq.
          Marita S. Erbeck, Esq.
          DRINKER BIDDLE & REATH LLP .
          1177 Avenue of the Americas
          41st Floor
          New York, New York 10036
          Tel: (212) 248-3140
          Fax: (212) 248-3141
          Email: frank.velocci@dbr.com  
                 Marita.erbeck@dbr.com   

                       About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank. DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico.

DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit  Insurance Corp. as receiver. Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015. The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.


DRYDEN ADVISORY: Durham Objection to Cash Collateral Use Sustained
------------------------------------------------------------------
Judge Mary D. France of the United States Bankruptcy Court for the
Middle District of Pennsylvania sustained the objection of Durham
Commercial Capital Corp. to the motion filed by Dryden Advisory
Group, LLC, for an order approving Dryden's use of cash
collateral.

Durham opposed the motion as it pertains to certain accounts
receivable that Durham asserts it purchased under a factoring
agreement entered into between the parties before Dryden filed its
bankruptcy petition.

Dryden countered that the agreement with Durham, while described as
a sale, should be recharacterized as a financing agreement with the
accounts receivable serving as collateral for certain extensions of
credit made by Durham.

Judge France found substantial evidence that the parties entered
into a true sale agreement.  Among the factors that Judge France
considered as indicative of a true sale are the agreement's
provision indicating the parties' intent that monies related to
transferred accounts would not be commingled with Dryden's general
operating accounts, Durham's right to demand that it receive
payment directly from account debtors, and Dryden's transfer of its
full economic interest in the purchased accounts to Durham.

As such, Judge France concluded that the amended factoring
agreement is a true sale of accounts, and therefore, the accounts
receivable transferred by Dryden to Durham more than 90 days before
the filing of the bankruptcy petition are not assets of Dryden's
bankruptcy estate.

The case is DRYDEN ADVISORY GROUP, LLC, Movant, v. BENEFICIAL
MUTUAL SAVINGS BANK, CITIBANK, N.A. and DURHAM COMMERCIAL CAPITAL
CORP., Respondents, CASE NO. 1:15-BK-00545MDF (Bankr. M.D. Pa.),
relating to IN RE: DRYDEN ADVISORY GROUP, LLC, Chapter 11,
Debtor-in-Possession.

A full-text copy of Judge France's July 29, 2015 opinion is
available at http://is.gd/peXLB2from Leagle.com.


DUNE ENERGY: Whitebox Advisors Reports 5% Equity Stake
------------------------------------------------------
Whitebox Advisors LLC, and Whitebox General Partner LLC, disclosed
in a Schedule 13G/A filing with the Securities Exchange Act of 1934
(Amendment No. 5) that they may be deemed to be the beneficial
owners of 3,676,079 shares -- or 5% -- of common stock of Dune
Energy, Inc., based on 73,149,359 shares of outstanding Common
Stock, which is the total number of shares issued and outstanding
on November 13, 2014.

                       About Dune Energy

Dune Energy, Inc. (OTCMKTS: DUNR) is an independent energy company
based in Houston, Texas.  Since May 2004, the Company has been
engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC is
the Debtors' sale professionals.

The Debtors listed $229 million in total assets and $144 million in
total debts as of Sept. 30, 2014.  In their schedules, Dune Energy
Inc., et al., disclosed $263,337,172 in assets and $107,981,306 in
liabilities.

The U.S. trustee overseeing the Chapter 11 case of Dune Energy
appointed three creditors to serve on the official committee of
unsecured creditors.  The Committee is represented by Hugh M. Ray,
Esq., at McKool Smith, P.C.


EDGEWELL PERSONAL: S&P Lowers CCR to 'BB+', Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on St. Louis, Mo.-based Edgewell Personal Care to 'BB+' from
'BBB-'.  At the same time, S&P lowered the senior unsecured
issue-level ratings to 'BB+' from 'BBB-', and assigned a '3'
recovery rating to the debt, indicating S&P's belief that creditors
could expect meaningful recovery (50%-70%, at the high end of the
range) in the event of payment default or bankruptcy.

S&P has removed all of the ratings from CreditWatch, where it
placed them with negative implications on May 1, 2014.  The outlook
is stable.

"The downgrade reflects our view that the spin-off of the household
battery and portable lighting segment has further concentrated
Edgewell's business model and revenue stream, and that its revenue
base is now less diversified," said Standard & Poor's credit
analyst Brennan Clark.

The stable outlook reflects Standard & Poor's expectation that
Edgewell will maintain its good global market positions in the low
growth shaving and sun care categories, through brand investment
and innovation, and use cost containment measures to improve
operating leverage.  S&P believes acquisitions will provide the
catalyst for top line growth as the company seeks to build and
diversify its brand portfolio in various personal care categories,
though sizable activity is not included in S&P's base-case
forecast.  S&P expects the company will sustain leverage in the
low- to mid-2x area, but could increase leverage to pursue
accretive acquisitions.



EL PASO CHILDREN'S: Judge Denies Exclusivity Extension Request
--------------------------------------------------------------
Ryan Hill, writing for KFox14, reported that the federal bankruptcy
court has denied both motions filed by Children's and UMC.

According to the report, Children's pushed for a time extension to
come up with a recovery plan, while UMC wanted to end the time
Children's has now and move forward with its recovery plan.

                 About El Paso Children's Hospital

El Paso Children's Hospital Corporation operates the El Paso
Children's Hospital, the only not-for-profit children's hospital
in
the El Paso region.  The hospital opened its doors in February
2012, features 122 private pediatric rooms, and is located at the
campus of El Paso County Hospital District dba University Medical
Center of El Paso.

The Company sought Chapter 11 protection (Bankr. W.D. Tex. Case
No.
15-30784) on May 19, 2015.  The case is assigned to Judge H.
Christopher Mott, following disputes with UMC.  The Debtor tapped
Jackson Walker LLP as counsel.


ENDEAVOUR INT'L: Aug. 24 Hearing on Sale to Lenders, Case Dismissal
-------------------------------------------------------------------
Endeavour International Corporation, Endeavour Operating
Corporation, and their affiliated debtors on Aug. 3, 2015, entered
into a credit bid asset purchase agreement with:

     (1) Wells Fargo Bank, National Association, as trustee and
collateral agent on behalf of holders of the 12% First Priority
Notes due March 1, 2018; and

     (2) certain of the Noteholders -- specifically, Apollo Capital
Management, L.P., Aristeia Capital, LLC and Avenue Investments,
L.P., the Priority Noteholders.

EOC has agreed to sell all of the stock of EOC's subsidiary,
Endeavour International Holding B.V. and an intercompany note
(issued to EOC by Endeavour Energy U.K Limited, a subsidiary of
EIHBV), to a newly formed entity which shall be owned by the
Noteholders and the lenders under an Amended and Restated Credit
Agreement, dated as of September 30, 2014, by and among EIHBV and
End Finco LLC, as borrowers, the lenders party thereto, Credit
Suisse AG, Cayman Islands Branch, as Administrative and Collateral
Agent, and the Company.

The consideration payable to EOC upon the consummation of the APA
consists of:

     (i) with respect to the Intercompany Note and 65% of the stock
of EIHBV, $1 in the form of a credit bid by the Agent with respect
to outstanding indebtedness under the 12% Notes pursuant to Section
363(k) of the Bankruptcy Code, and

    (ii) with respect to the remaining 35% of the stock of EIHBV,
$1 in cash.

The closing of the APA is conditioned upon (i) the entry by the
Bankruptcy Court of an order approving the APA and the transactions
contemplated thereby, (ii) the occurrence of the closing under the
Settlement Agreement and (iii) other customary conditions to
closing. The APA also provides that upon their receipt of any cash
proceeds from the sale of the Company's oil and gas assets, the
Priority Noteholders shall promptly pay such amounts to fund the
administrative costs and expenses of the Bankruptcy Cases and any
expenses incurred in connection with the subsequent dissolution of
the Debtors up to an agreed upon maximum amount.  

To the extent the Asset Sale Proceeds are insufficient to satisfy
the Wind Down Expenses, cash from EEUK will be used to fund such
Wind Down Expenses.

A copy of the Asset Purchase Agreement is available at
http://is.gd/1oGma1

Endeavour on Aug. 3 also entered into a settlement agreement with
EOC, Endeavour Colorado Corporation, the Priority Noteholders led
by Apollo Capital Management, L.P. and an ad hoc group of lenders
under the Debtors' 2014 credit agreement, relating, among other
things, to the allocation of proceeds from the sale of EOC's and
ECC's U.S. oil and gas assets, ownership of Newco, voting rights
and shareholder arrangements concerning Newco and certain
amendments to the Credit Agreement.  The Company, EOC and ECC have
agreed to restrictions on certain intercompany cash transfers. The
closing of the Settlement Agreement is conditioned upon (i) the
execution of (a) definitive documents regarding the governance of
Newco and (b) the EEUK Amendment Documents, (ii) the occurrence of
the closing under the APA and (iii) the entry by the Bankruptcy
Court of an order approving the Settlement Agreement and the
transactions contemplated thereby.

A copy of the Settlement Agreement is available at
http://is.gd/oSjbj7

                          Case Dismissal

The Debtors have filed with the Bankruptcy Court a motion to, among
other things, request entry of an order by the Bankruptcy Court
approving (i) the APA and the transactions contemplated thereby,
and (ii) the Settlement Agreement and the transactions contemplated
thereby.

The Debtors also ask the court to approve the dismissal of their
chapter 11 cases following the sale of substantially all of the
assets, the dissolution of the Debtors and, in the case of EIC, its
dissolution without the need to obtain stockholder approval.

Endeavour and its affiliates will return to the Bankruptcy Court in
Wilmington, Delaware, on Aug. 24, 2015 at 1:00 p.m. (ET) for a
hearing on their requests.

Parties-in-interest, other than minority noteholders, were given
until Aug. 17 to object to the deal.  Minority noteholders have
until Sept. 14 to file objections.  Another hearing will be set if
objections from the minority noteholders are received.

                   Inability to File Viable Plan

The Debtors explained in a motion filed with the Bankruptcy Court
that they are unable to confirm a chapter 11 plan because they do
not have sufficient funds to pay all their administrative expenses
in full under a chapter 11 plan.  The Debtors currently anticipate
a cash shortfall of approximately $1.5 million -- Wind Down
Shortfall -- through the end of October 31, 2015 after estimated
ordinary course costs of operating the Debtors' businesses, winding
down and dissolving the Debtors, estate professional fees, and,
solely in the event that the Closing occurs, certain of the fees of
the First Priority Noteholders' advisors.  The Debtors' cash flow
projections include payments from EEUK on account of services
provided by the Debtors to EEUK under the Management Services
Agreements and reimbursement by EEUK of certain EEUK insurance
obligations paid for by the Debtors.  The Debtors estimate that
EEUK will pay approximately $3.4 million more to the Debtors for
services rendered and on account of reimbursement of insurance
obligations through October 31, 2015.  Should the Debtors continue
to operate their estates and provide services to EEUK past October
31, 2015, EEUK will continue to make monthly payments to the
Debtors under the Management Services Agreements.

As an alternative to a chapter 11 plan, certain of the Debtors have
entered into the Credit Bid APA and a separate Settlement
Agreement.  The transactions contemplated thereunder will fund the
Debtors' Wind Down Shortfall, modify the Adequate Protection Order
to permit payment of all ordinary course administrative expenses,
and provide for the orderly wind down of the Debtors' chapter 11
cases prior to the dismissal of these cases.  Under the
circumstances, the Credit Bid APA and Settlement Agreement
represent the best alternative for the Debtors and their estates.
They provide the Debtors the funding needed to exit chapter 11 in
an orderly manner while providing that the creditors who have
provided postpetition services that benefit the Debtors' businesses
are paid. In addition, the Credit Bid APA and Settlement Agreement
facilitate the Debtors' orderly sale of the EIHBV Equity and the
Intercompany Note to Purchaser for the benefit of the First
Priority Noteholders and the EEUK Term Loan Lenders, and the
amendment of the EEUK Credit Agreement to provide Purchaser and its
subsidiaries, including EEUK, adequate financial headroom to
continue operating without fear of an imminent covenant breach.

As a result of the decline in the value of the Debtors' assets
since the Petition Date, the Debtors believe that the First
Priority Notes Collateral Agent holds a super-priority
administrative expense claim pursuant to the Adequate Protection
Order in the order of magnitude of hundreds of millions of dollars.
Regardless of the exact value of such super-priority
administrative expense claim, the Debtors are unable to satisfy
this super-priority administrative expense claim and confirm a
chapter 11 plan.

Throughout the U.S. sale process and the U.K. marketing process,
the Debtors have engaged the Credit Bid Noteholders and the Ad Hoc
Group to craft a solution for finishing these chapter 11 cases. The
Debtors have focused on these two creditor groups as most
incentivized to provide the Debtors capital needed to fund an exit
from the Chapter 11 cases.

The Debtors also noted that, despite having marketed the EIHBV
Equity and Intercompany Note since the filing of the Sale Motion on
April 29, 2015, no other potential bidder has expressed interest in
purchasing those Assets. Even if another bidder was to come forth,
it is highly unlikely that such bidder could offer a bid in an
amount that exceeds the value of the Priority Noteholders' secured
claim of approximately $554 million, which they have the right to
credit bid under section 363(k) of the Bankruptcy Code. Finally,
there is no dispute that the First Priority Noteholders and the
First Priority Notes Collateral Agent have valid claims against the
Debtors and liens on 65% of the EIHBV Equity and Intercompany Note,
respectively.

Wells Fargo may be reached at:

     Wells Fargo Bank, National Association
     150 East 42nd Street, 40th Floor
     New York, NY 10017
     Attention: James R. Lewis, Vice President
     Facsimile: 866-524-4681
     E-mail: James.R.Lewis@wellsfargo.com

Wells Fargo is represented by:

     Reed Smith LLP
     Reed Smith Centre
     225 Fifth Avenue
     Pittsburgh, PA 15222
     Attention: Eric A. Schaffer, Esq.
     Facsimile: 412-288-3063
     E-mail: eschaffer@reedsmith.com

The Priority Noteholders may be reached at:

     Apollo Capital Management, L.P.
     9 West 57th Street
     New York, NY 10019
     Attention: Joseph D. Glatt
     E-mail: jglatt@apollolp.com

          - and -

     Aristeia Capital, LLC
     136 Madison Avenue, 3rd Floor
     New York, NY 10016
     Attention: William R. Techar
                Andrew B. David
     E-mail: techar@aristeiacapital.com
             andrew.david@aristeiacapital.com

          - and -

     Avenue Investments, L.P.
     399 Park Avenue, 6th Floor
     New York, NY 10022
     Attention: Jason Hammerman
     E-mail: jhammerman@avenuecapital.com

The Priority Noteholders are represented by:

     Milbank, Tweed, Hadley & McCloy LLP
     28 Liberty Street
     New York, NY 10005
     Attention: Dennis Dunne, Esq.
     E-mail: ddunne@milbank.com

The EEUK term loan lenders are:

     * BARCLAYS BANK PLC

     * CARLSON CAPITAL, L.P., in its capacity as Investment
       Advisor to each of Double Black Diamond Offshore Ltd.
       and Black Diamond Offshore Ltd.

     * CASPIAN CAPITAL LP on behalf of its advisees

     * CREDIT VALUE PARTNERS, LP, as agent for funds and accounts
       under management

     * HUDSON BAY ABSOLUTE RETURN CREDIT OPPORTUNITIES MASTER
       FUND LTD

     * MAGNETAR FINANCIAL LLC, on behalf of each of the following
       lenders:

          BLACKWELL PARTNERS LLC
          COMPASS OFFSHORE HTV PCC LIMITED
          COMPASS HTV LLC LIMITED
          MAGNETAR CAPITAL MASTER FUND, LTD
          MAGNETAR GLOBAL EVENT DRIVEN MASTER FUND LTD
          SPECTRUM OPPORTUNITIES MASTER FUND LTD

     * RIMROCK HIGH INCOME PLUS (MASTER) FUND
       RIMROCK LOW VOLATILITY (MASTER) FUND
       RIMROCK GLOBAL CREDIT (MASTER) FUND, LTD

     * WINGSPAN INVESTMENT MANAGEMENT

     * WHITEBOX MULTI-STRATEGY PARTNERS, L.P.

     * PANDORA SELECT PARTNERS, L.P.

The EEUK Term Loan Lenders are represented by:

     Akin Gump Strauss Hauer & Feld LLP
     One Bryant Park
     New York, NY 10036
     Facsimile: (212) 872-1002
     Attention: Michael S. Stamer, Esq.
                Meredith A. Lahaie, Esq.
     E-mail: mstamer@akingump.com
             mlahaie@akingump.com

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 14-12308, Endeavour
Operating Corp.).  The Hon. Kevin J. Carey presides over the
cases.

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.7 million in Series
C convertible preferred stock, and a $41.5 million stockholders'
deficit.

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.

On April 29, 2015, the Debtor announced that, as a result of Recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.



ENDEAVOUR INT'L: Judge to Hold Hearing on Asset Sale on Aug. 24
---------------------------------------------------------------
Endeavour International Corp. will ask a federal judge to approve
the sale of its U.S. assets to the winning bidders at a court
hearing on August 24.

The company on August 11 held an auction for most of its assets
where Augustus Energy Partners II, LLC and Energy Reserves Group,
LLC emerged as the winning bidders.

Augustus Energy offered $7.85 million in cash for the company's oil
and gas assets located in Colorado, beating out rival bidder Black
Hills Plateau Production, LLC.

The assets will be sold to Black Hills, the proposed "back-up
bidder," in case Endeavour's sale transaction with Augustus Energy
falls through.  Black Hills offered $7.75 million for the assets,
according to court filings.

Meanwhile, Endeavour will ask U.S. Bankruptcy Judge Kevin Carey to
approve the sale of its oil and gas assets located in the Marcellus
and Haynesville formations to Energy Reserves.  Energy Reserves
offered $1.8 million in cash and will assume some of Endeavour's
liabilities.

Last month, Endeavour canceled a court hearing to approve a
stalking horse bidder following its decision to not to designate a
lead bidder for its assets, court filings show.

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code after reaching a restructuring deal with
noteholders.  The cases are pending joint administration under
Endeavour Operating Corp.'s Case No. 14-12308 before the Honorable
Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total assets,
$1.55 billion in total liabilities, $43.7 million in series c
convertible preferred stock, and a $41.5 million stockholders'
deficit.

Endeavour Operating Corporation, in its schedules, disclosed
$808,358,297 in assets and $1,242,480,297 in liabilities as of the
Chapter 11 filing.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.

On April 29, 2015, the Debtor announced that, as a result of recent
declines in oil and gas prices, the Company withdrew the proposed
Plan.


EPWORTH VILLA: Amends Schedules of Assets and Liabilities
---------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility Inc. dba
Epworth Villa with the U.S. Bankruptcy Court for the Western
District of Oklahoma an amended schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------           ------------      -----------
  A. Real Property               $76,948,116
  B. Personal Property           $40,711,803
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $89,214,012
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $149,043
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $18,673,979
                                 -----------      -----------
        TOTAL                   $117,659,919     $108,037,034

The Debtor previously disclosed $117,659,919 in total assets and
$107,972,621 in total liabilities.

A full-text copy of the Debtor's schedules is available for free at
http://is.gd/zMHXsu

              About Central Oklahoma United Methodist

Central Oklahoma United Methodist Retirement Facility, Inc., dba
Epworth Villa, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18, 2014.  The
case is before Judge Sarah A. Hall.

Brandon Craig Bickle, Esq., Sidney K. Swinson, Esq., and Mark D.G.
Sanders, Esq., at Gable & Gotwals, P.C., in Tulsa, Oklahoma; and G.
Blaine Schwabe, III, Esq., at Gable & Gotwals, P.C., in Oklahoma
City, Oklahoma, represent the Debtor in its restructuring effort.

The Debtor reported $118 million in total assets, and $108 million
in total liabilities.


EXELIXIS INC: Incurs $43.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
Exelixis, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $43.3
million on $7.9 million of net product revenues for the three
months ended June 30, 2015, compared to a net loss of $73.4 million
on $6.5 million of net product revenues for the same period in
2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $78.5 million on $17.4 million of net product revenues
compared to a net loss of $148 million on $11.4 million of net
product revenues for the same period during the prior year.

As of June 30, 2015, the Company had $248.7 million in total
assets, $436.9 million in total liabilities and a $188.1 million
total stockholders' deficit.

"The second quarter, and the weeks following it, are some of the
most significant in Exelixis history," said Michael M. Morrissey,
Ph.D., president and chief executive officer of the company.  "As
announced in July, cabozantinib delivered impressive results in the
METEOR trial, including a statistically significant and clinically
meaningful improvement in PFS, along with a strong trend toward
improving overall survival, as compared to everolimus, a
widely-used agent in the second and later lines of advanced RCC
treatment.  The data will serve as the foundation for regulatory
filings in the U.S. and EU, which we intend to complete in early
2016."

Dr. Morrissey continued: "As we move into the third quarter with
METEOR data in hand, all of us at Exelixis share an even greater
sense of urgency and focus around maximizing the potential of our
pipeline to help patients with cancer.  This is illustrated by our
recent activities, including the recruitment of a new chief
financial officer with global commercial finance expertise,
advancement of our discussions around a potential partnership for
ex-U.S. rights to cabozantinib, and the initiation of a new trial
evaluating cabozantinib in combination with immunotherapies.  At
the same time, alongside our partners Roche and Genentech, we have
completed our commercial readiness for the potential U.S.
regulatory approval of cobimetinib later this year."

The company anticipates that operating expenses for the second six
months of 2015 will be in a range of $80 million to $90 million,
including approximately $10 million of incremental non-cash
stock-based compensation expense related to the vesting of
performance stock options tied to the read-out of METEOR top-line
results.

Cash and cash equivalents, short- and long-term investments and
short- and long-term restricted cash and investments totaled $167.0
million at June 30, 2015, compared to $242.8 million at Dec. 31,
2014.  The June 30, 2015, cash position was prior to the launch of
the company's public offering of stock on July 21, 2015.

A full-text copy of the Form 10-Q is available at:

                       http://is.gd/YJxN7N

                        About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

Exelixis reported a net loss of $269 million on $25.1 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $245 million on $31.3 million of total revenues in
2013.


F-SQUARED INVESTMENT: Can Hire Stillwater Advisory as CRO
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
F-Squared Investment Management LLC and its debtor-affiliates to
employ Stillwater Advisory Group LLC to provide the Debtors with a
chief restructuring officer, and designate David N. Phelps as the
Debtors' CRO.

Mr. Phelps will report to the Debtor's board of managers.  The
specific tasks that the firm and Mr. Phelps, as CRO, will perform
for the Debtors include, among other things:

     a) performing the day to day functions customarily and
reasonably associated with the position of CRO in companies of
similar size and complexity to the Debtors;

     b) assisting the Debtors' chief executive officer in the
financial management of the Debtors' operations;

     c) overseeing any process that involves raising capital or the
sale (of all or any part) of the Debtors;

     d) providing oversight and assistance with the preparation of
13 week cash flow forecasts and the evaluation of the Debtors'
liquidity requirements;

     e) participating in meetings intended to provide assistance to
potential investors, advisors, buyers and any official committee
appointed in these Chapter 11 Cases, as well as the U.S. Trustee
and other parties in interest;

     f) providing oversight and assistance in connection with
communications and negotiations with the Debtors' constituents
including trade vendors, investors and other constituents for the
successful execution of the Debtors' near term business and
financial plans;

     g) providing oversight and assistance in connection with the
preparation of financially related disclosures required by the
Bankruptcy Code, the Bankruptcy Rules, and/or the Local Rules,
including schedules of assets and liabilities, statements of
financial affairs and monthly operating reports;

     h) providing oversight and assistance with the analysis of
creditor claims by type, entity, and or individual claims;

     i) coordinating activities with the Debtors' financial advisor
and investment banker regarding marketing and negotiation efforts
with interested parties;

     j) providing testimony in litigation and bankruptcy matters as
required;

     k) attending meetings of the Board as requested; and

     l) assisting in such other matters as may be mutually agreed
upon by Stillwater and/or the CRO with the Debtors and/or counsel
to the Debtors.

Stillwater will be paid by the Debtors for the services of Mr.
Phelps at his customary hourly billing rates.  This rate shall be
subject to adjustment annually at such time as Stillwater adjusts
its rates generally.  Mr. Phelps's hourly rate is $450 per hour.
Travel time will be billed at 50%.  In addition, it is not
anticipated that Stillwater will provide the Debtors with any
additional personnel.

In addition to compensation for professional services rendered by
Mr. Phelps, Stillwater will seek reimbursement for reasonable and
necessary expenses incurred in connection with these Chapter 11
Cases, including, but not limited to, travels, meals, and lodging.
All fees and expenses due to Stillwater will be billed on a weekly
basis by agreement with the Debtors and paid by the Debtors in the
ordinary course of business.

In connection with its retention, Stillwater received a $25,000
retainer on May 26, 2015 and, on June 17, 2015, received an
additional $75,000 retainer.  Pursuant to the Engagement Letter,
the Retainer shall be carried by Stillwater and credited against
any amounts due at the termination of the engagement, with any
remaining amount of the Retainer returned to the Debtors.
According to the Debtors' books and records, during the 90-day
period prior to the Petition Date, Stillwater received
approximately $149,371 from the Debtors (excluding the Retainer)
for professional services performed and expenses incurred.  As of
the Petition Date, no amounts were due or outstanding under the
Engagement Letter.

David N. Phelps, Managing Director of Stillwater Advisory Group
LLC, assured the Court that the firm does not hold no interest
adverse to the Debtors and their estate and is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

He may be reached at:

     David N Phelps
     Managing Director
     STILLWATER ADVISORY GROUP LLC
     414 W Wisconsin St Apt B
     Chicago, IL 60614-5254
     Tel: (219) 241-0701
     Fax: dphelps@dnphelps.com

                    About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned   
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high net
worth individuals, and pension and profit sharing plans.  The firm
provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-11469) on July 8, 2015.  The petition was signed by Laura Dagan
as president and chief executive officer.  The cases are assigned
to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.


F-SQUARED INVESTMENT: Judge Approves Deadline for Filing Claims
---------------------------------------------------------------
U.S. Bankruptcy Judge Laurie Silverstein approved the deadline for
filing proofs of claim against F-Squared Investment Management, LLC
and its affiliated debtors.

The bankruptcy judge's order requires creditors, excluding
governmental units, to file proofs of claim on or before the bar
date, which is no earlier than the first business day that is at
least 30 days after service of a notice of the bar date.

Meanwhile, governmental units are required to file proofs of claim
on or before January 4, 2016, according to court filings.

                    About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high net
worth individuals, and pension and profit sharing plans.  The firm
provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-11469) on July 8, 2015.  The petition was signed by Laura Dagan
as president and chief executive officer.  The cases are assigned
to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.

On July 15, 2015, the U.S. Trustee for Region 3 appointed Cantella
& Co., Grove Street Advisors and Nathan Eigerman to serve on the
official committee of unsecured creditors.


FIBERTECH NETWORKS: S&P Lowers Corp. Credit Rating to 'B'
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Rochester, N.Y.-based Fibertech Networks LLC to
'B' from 'B+'.  The outlook is stable.

At the same time, S&P removed all ratings from CreditWatch, where
it placed them with negative implications on April 28, 2015.

S&P subsequently withdrew its 'B' corporate credit rating on
Fibertech following its acquisition and the repayment of all the
company's existing debt.

"The ratings downgrade follows the closing of the company's merger
with lower-rated Lightower in an all-cash transaction valued at
$1.9 billion," said Standard & Poor's credit analyst Michael
Altberg.

"All existing debt at Fibertech has been repaid and, as a result,
we have subsequently withdrawn all ratings on Fibertech," he
added.



FILMED ENTERTAINMENT: Aug. 18 Meeting Set to Form Creditors' Panel
------------------------------------------------------------------
William K. Harrington, United States Trustee for Region 2, will
hold an organizational meeting on August 18, 2015, at 1:30 p.m. in
the bankruptcy case of Filmed Entertainment, Inc.

The meeting will be held at:

         80 Broad Street
         4th Floor
         New York, NY 10004

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.  Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.


FINJAN HOLDINGS: Provides Shareholders with Update for Q2 2015
--------------------------------------------------------------
Finjan Holdings, Inc., provided shareholders with an update on its
key accomplishments during its second quarter ended June 30, 2015,
and other subsequent events.

Strategic Highlights:

   * Unveiled CybeRiskTM Security Solutions Ltd. to offer
     cybersecurity related risk advisory services globally;

   * Reentered the world of development with release of the Finjan
  
     Mobile Secure Browser available for Apple and Android
     platform devices;

   * In the spirit of investing in innovation, launched and
     announced the winner of the Finjan Mobile Defense Challenge
     2015 to identify next generation cybersecurity technologies;

   * Ruling in favor of Finjan for nearly $40 million in damages
     as a result of Finjan patents being found valid and infringed

     by a jury at the conclusion of the Blue Coat trial;

   * Reported $11.9 million in cash with an additional $2.3
     million to be paid from existing licensing agreements over
     the next 12 months; and,

   * Completed the consolidation of Finjan operations into a
     single headquarters, now based in E. Palo Alto, California.

"It's been a busy second quarter including returning to the world
of technology development with the launch of Finjan's Mobile Secure
Browser applications, launching our cybersecurity services business
CybeRisk, and embracing our commitment to innovation with our
Mobile Defense Challenge," said Phil Hartstein, president and CEO
of Finjan.  "The recent jury ruling in favor of Finjan in the
Finjan v. Blue Coat trial for nearly $40 million in damages
reinforces the merits of our patents and underscores our commitment
to our licensing best practices.  Looking ahead we will continue to
strategically invest while carefully managing our cash position to
create long-term value for our licensees, shareholders and
investors in - and around - the cybersecurity sector."

Second Quarter Licensing and Litigation Review:

On April 7, 2015, Finjan entered into a Patent License Agreement
with F-Secure Corporation, a company incorporated in Finland.  The
agreement calls for F-Secure to pay Finjan $1,000,000 in cash, of
which $700,000 was paid on April 22, 2015, and the remainder is due
on and before March 31, 2016.  Additionally, F-Secure will assign
Finjan two patents, U.S. Patent Nos. 8,474,048 and 7,769,991.  In
exchange, Finjan agreed to, subject to certain restrictions, limits
and other conditions, grant F-Secure a worldwide, fully-paid,
nonexclusive field of use license to Finjan patents within two
years of the effective date.

On Aug. 4, 2015, the jury in Finjan, Inc. v. Blue Coat Systems Inc.
(5:13-cv-03999-BLF) returned a unanimous verdict that each of the
Finjan asserted patents are valid and enforceable.  Further, the
jury returned a unanimous verdict that Finjan's U.S. Patent Nos.
6,154,844, 6,804,780, 6,965,968, and the 7,418,731 were literally
infringed by Blue Coat, and that U.S. Patent No. 7,647,633 was
infringed by Blue Coat under the Doctrine of Equivalents.  Upon the
findings of infringement, the jury also decided that Finjan was
entitled to $39.5 million in damages as reasonable royalties for
Blue Coat's infringement.

Finjan has also filed a second patent infringement lawsuit against
Blue Coat Systems, Inc., alleging infringement of seven Finjan
patents relating to new infringing Blue Coat products and services.
The Complaint (5:15-cv-03295, Docket No. 1), filed
July 15, 2015, in the U.S. District Court for the Northern District
of California, alleges that Blue Coat's new products and services
infringe seven Finjan patents. In particular, Finjan is asserting
infringement of U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731;
8,079,086; 8,225,408; 8,566,580; 8,677,494; four of which are being
asserted against Blue Coat for the first time.

                            About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

As of June 30, 2015, the Company had $14 million in total assets,
$2.3 million in total liabilities and $11.7 million in total
stockholders' equity.


FIRST DATA: Announces Expiration of Cash Tender Offers
------------------------------------------------------
First Data Corporation announced that its cash tender offers for
any and all of its outstanding 7.375% Senior Secured Notes due 2019
and any and all of its outstanding 8.875% Senior Secured Notes due
2020 expired at 5:00 p.m., New York City time, on
Aug. 12, 2015.  The tender offers were made pursuant to an Offer to
Purchase dated Aug. 6, 2015.

According to information provided by Global Bondholder Services
Corporation, the depositary and information agent for the tender
offers, $213,437,000 aggregate principal amount of the 7.375% Notes
and $125,279,000 aggregate principal amount of the 8.875% Notes
were validly tendered at or prior to the Expiration Time and not
validly withdrawn, which amount includes $10,483,000 and $100,000,
respectively, that remain subject to the applicable guaranteed
delivery procedures.

First Data expects to accept for purchase all Notes validly
tendered and not validly withdrawn at or prior to the Expiration
Time.  The conditions to the tender offers have been satisfied and,
therefore, First Data expects the payment for the purchased Notes
to be made on Aug. 13, 2015.  First Data expects the payment for
the Notes delivered in accordance with guaranteed delivery
procedures to be made on Aug. 17, 2015.  In addition to the
applicable Total Consideration, holders of Notes accepted for
payment will receive accrued and unpaid interest from the last
interest payment date for the Notes to, but not including, the
applicable settlement date.

First Data has called for redemption of all remaining Notes that
were not purchased in the tender offers, in accordance with the
redemption provisions of the indentures governing the applicable
series of Notes.  The redemption date for the remaining outstanding
7.375% Notes will be Sept. 4, 2015, and the redemption date for the
remaining outstanding 8.875% Notes will be Sept. 8, 2015.

First Data has retained Merrill Lynch, Pierce, Fenner & Smith
Incorporated to serve as dealer manager for the tender offers.
First Data has retained Global Bondholder Services Corporation to
serve as the depositary and the information agent for the tender
offers.  Requests for documents may be directed to Global
Bondholder Services Corporation by phone at (866) 794-2200 or (212)
430-3774 or in writing at 65 Broadway - Suite 404, New York, New
York 10006.  Copies may also be obtained at
http://www.gbsc-usa.com/First_Data/. Questions regarding the
tender offers may be directed to Merrill Lynch, Pierce, Fenner &
Smith Incorporated by phone at (980) 388-3646 (collect) or (888)
292-0070 (U.S. toll free).

                         About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Corporation of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014, compared with a net loss attributable to the
Corporation of $869 million on $10.8 billion of total revenues
during the prior year.

As of March 31, 2015, the Company had $34.13 billion in total
assets, $31.7 billion in total liabilities, $78 million in
redeemable noncontrolling interest, and $2.35 billion in total
equity.

                           *     *     *

The Company carries a 'B3' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FOREST CITY: NS&E, Onexim Agree to Extend Forbearance Agreement
---------------------------------------------------------------
Forest City Enterprises, Inc. on Aug. 12 disclosed that Nets Sports
& Entertainment (NS&E) and Onexim have agreed to extend a
forbearance agreement related to payment of capital calls and
related fees for the Brooklyn Nets, through Sept. 8.  The agreement
was originally set to expire Aug. 12.

NS&E is the consolidated subsidiary through which Forest City holds
its ownership interests in the Nets and the Barclays Center arena.
NS&E owns 20 percent of the Nets and 55 percent of Barclays Center.
Forest City, in turn, owns approximately 62 percent of NS&E with
the balance owned by minority partners.

                       About Forest City

Forest City Enterprises, Inc. -- http://www.forestcity.net-- is an
NYSE-listed national real estate company with $10.3 billion in
consolidated assets.  The company is principally engaged in the
ownership, development, management and acquisition of commercial
and residential real estate throughout the United States.



FOUNDATION HEALTHCARE: Reports $4.3 Million Net Income for Q2
-------------------------------------------------------------
Foundation Healthcare, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to the Company's common stock of $4.3 million on $31.8
million of revenues for the three months ended June 30, 2015,
compared to a net loss attributable to the Company's common stock
of $1.5 million on $22 million of revenues for the same period in
2014.

For the six months ended June 30, 2015, the Company reported net
income attributable to the Company's common stock of $3.2 million
on $61.4 million of revenues compared to a net loss attributable to
the Company's common stock of $3.4 million on $43.7 million of
revenues for the same period during the prior year.

As of June 30, 2015, the Company had $57.5 million in total assets,
$61.5 million in total liabilities, $7.8 million in preferred
noncontrollig interest and a total deficit of $11.8 million.

As of June 30, 2015, the Company had cash and cash equivalents of
$4.1 million and working capital of $0.4 million (adjusted for
redemption payments of $0.9 million payable to preferred
noncontrolling interest holders in October 2015).

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/wIgZXh

                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.9 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

As of March 31, 2015, the Company had $58.1 million in total
assets, $66.3 million in total liabilities, $8.70 million in
preferred noncontrolling interest and a $16.9 million total
deficit.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014, to
fund anticipated working capital needs over the next twelve
months.


FOUR OAKS: Posts $17.5 Million Net Income for Second Quarter
------------------------------------------------------------
Four Oaks Fincorp, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $17.5 million on $7.3 million of total interest and dividend
income for the three months ended June 30, 2015, compared to net
income of $2.4 million on $7.2 million of total interest and
dividend income for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported net
income of $18.4 million on $14.7 million of total interest and
dividend income compared to net income of $3.7 million on $14.5
million of total interest and dividend income for the same period
in 2014.

As of June 30, 2015, the Company had $722 million in total assets,
$663 million in total liabilities and $58.8 million in total
shareholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/JwQWvv

                         About Four Oaks

With $722 million in total assets as of June 30, 2015, Four Oaks
Bank & Trust Company, through its wholly-owned subsidiary, Four
Oaks Bank & Trust Company, offers a broad range of financial
services through its sixteen offices in Four Oaks, Clayton,
Smithfield, Garner, Benson, Fuquay-Varina, Wallace, Holly Springs,
Harrells, Zebulon, Dunn, Raleigh (LPO), Apex (LPO) and Southern
Pines (LPO), North Carolina.  Four Oaks Fincorp, Inc. trades
through its market makers under the symbol of FOFN.

Four Oaks Fincorp reported a net loss of $4.18 million in 2014, a
net loss of $350,000 in 2013, a net loss of $6.96 million in 2012
and a net loss of $9.09 million in 2011.


FUSION TELECOMMUNICATIONS: Incurs $1.1 Million Net Loss in Q2
-------------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss attributable to common stockholders of
$1.1 million on $25 million of revenues for the three months ended
June 30, 2015, compared to a net loss attributable to common
stockholders of $2.9 million on $23.1 million of revenues for the
same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to common stockholders of $5.7 million on $50.3
million of revenues compared to a net loss attributable to common
stockholders of $1.9 million on $46 million of revenues for the
same period during the prior year.

As of June 30, 2015, the Company had $68.9 million in total assets,
$60.2 million in total liabilities and $8.7 million in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/y6ofrn

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion incurred a net loss applicable to common shareholders of
$4.31 million in 2014, a net loss applicable to common shareholders
of $5.48 million in 2013 and a net loss applicable to common
stockholders of $5.61 million in 2012.


GELTECH SOLUTIONS: Has $10 Million Deal with Lincoln Park
---------------------------------------------------------
GelTech Solutions Inc. has signed a stock purchase agreement for up
to $10 million of common stock with Lincoln Park Capital Fund, LLC,
a Chicago-based institutional investor.

"With our recent sales increases with several state agencies in the
Wildland Division and our continued penetration in the Utilities
Division, this is a great time to enter into this funding
arrangement with Lincoln Park, an institutional investor that has
partnered with GelTech in the past to supplement the Company's
capital needs," said Michael Reger, GelTech's president. "The funds
will provide the Company with capital, if needed, to fund
operations, including supporting working capital needs, increasing
inventory and investing in the infrastructure necessary to sustain
the growth of the Company.  Similar to our prior agreements with
Lincoln Park, we are under no obligation to utilize the facility."

Under the terms of the purchase agreement and related registration
rights agreement, GelTech has agreed to file a registration
statement with the U.S. Securities and Exchange Commission covering
the sale of the shares that may be issued to Lincoln Park.

There are no upper limits to the price Lincoln Park may pay to
purchase common stock from GelTech and the purchase price of the
shares related to any future investments will be based on the
prevailing market prices of the Company's shares immediately
preceding the notice of sale to Lincoln Park.  Lincoln Park has
agreed not to cause or engage in any manner whatsoever, any direct
or indirect short selling or hedging of the Company's shares of
common stock.  In consideration for entering into the agreement,
GelTech has issued shares of common stock to Lincoln Park as a
commitment fee.  The agreement may be terminated by GelTech at any
time, at its sole discretion, without any cost or penalty.  

                           About GelTech
        
Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

GelTech incurred a net loss of $7.1 million for the year ended June
30, 2014, compared to a net loss of $5.2 million for the year ended
June 30, 2013.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2014, citing that the Company has a net
loss and net cash used in operating activities in 2014 of
$7,111,945 and $5,132,019 respectively and has an accumulated
deficit and stockholders' deficit of $35,133,578 and $1,898,315,
respectively, at June 30, 2014.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.


GENIUS BRANDS: Corrects False Statement in Letter to Shareholders
-----------------------------------------------------------------
Genius Brands International, Inc., distributed a chairman's letter
to shareholders on May 14, 2015, which was filed with the
Securities and Exchange Commission on the same date.

On Aug. 4, 2015, the Company was advised that its statement which
read "Good Will: No impairment.  This means that our auditors
having previously examined the revenue forecast we have for our
properties at December 31, 2014 and measured them against our
operations, agreed with us that those forecasts are solid and
should not be written down or diminished" is potentially
misleading.  

According to the Company, the audit opinion included in the
Company's Annual Report on Form 10-K for the fiscal year ended Dec.
31, 2014, does not opine on revenue forecasts, including not
stating or advising as to any impairment of those forecasts.  The
purpose of the audits is to form an opinion on whether the
information presented in the Company's financial report, taken as a
whole, reflects the financial position of its company on that date.


The opinion related to the Company's financial statements dated
March 31, 2015, did state: "In our opinion, the consolidated
financial statements referred to above present fairly, in all
material respects, the financial position of Genius Brands
International, Inc. and subsidiaries as of December 31, 2014 and
2013, and the results of their operations and their cash flows for
the years then ended, in conformity with U.S. generally accepted
accounting principles."  Accordingly, this opinion should be
applied to the financial statements of the Company company and not
applied to any revenue forecast or company position.  Therefore,
the Company said, the foregoing referenced statement in the May
2015 Shareholder Letter should be disregarded.

                       About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.

As of March 31, 2015, the Company had $17.5 million in total
assets, $4.44 million in total liabilities and $13.09 million in
total equity.


GEOMET INC: Incurs $2.2 Million Net Loss in Second Quarter
----------------------------------------------------------
GeoMet, Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss available to
common stockholders of $2.2 million for the three months ended June
30, 2015, compared to net income available to common stockholders
of $57.7 million for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss available to common stockholders of $4.4 million compared to
net income available to common stockholders of $57.3 million for
the same period a year ago.

For the quarter ended June 30, 2015, GeoMet reported no income from
discontinued operations.

As of June 30, 2015, the Company had $21.6 million in total assets,
$262,075 in total liabilities, $51.7 million in series A
convertible redeemable preferred stock, and a $30.3 million total
stockholders' deficit.

As of June 30, 2015, the Company's remaining balance of cash
totaled approximately $21.6 million.  These funds continue to be
held by the Company and used for normal working capital and
operating expense purposes while the Company continues to
re-evaluate its strategic opportunities.  Cash flows used in
operating activities for the six months ended June 30, 2015, were
$1.3 million, as compared to $7.0 million used in the prior year
period.  The $5.7 million decrease was primarily due to the
settlement in the prior year period of the majority of the
operating assets and liabilities of the Company resulting from the
Asset Sale.  The Company believes it has adequate cash on hand to
fund corporate activities for the next twelve months.

On Aug. 13, 2015, GeoMet's Board of Directors declared a quarterly
dividend to its preferred stockholders, covering the period
July 1, 2015, through Sept. 30, 2015, to be paid in cash.  The
dividend has been calculated at an annual rate of 9.6%. The
dividend of $0.24 per share will be paid on Sept. 30, 2015, to
preferred stockholders of record on Sept. 15, 2015.  In the
aggregate, it is estimated that approximately $1.7 million will be
paid in connection with this dividend.

A full-text copy of the Form 10-Q is available for free at:

                      http://is.gd/AuipMx

                        About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

As reported by the TCR on Feb. 20, 2015, GeoMet said it has no
operations and minimal assets, which raises substantial doubt about
its ability to return any additional value to its stockholders.
The Company added it may file a plan of dissolution if it cannot
consummate a corporate transaction/merger prior to the third
quarter of 2015.


GRAFTECH INT'L: S&P Lowers Corp. Credit Rating to 'B+'
------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Independence, Ohio-based GrafTech International Ltd. one
notch to 'B+' from 'BB-'.  The rating remains on CreditWatch with
negative implications where S&P placed it on May 1, 2015.

At the same time, S&P also lowered the issue-level rating on the
company's $300 million senior unsecured notes one notch to 'B+'
from 'BB-', in line with GrafTech's corporate credit rating, and
kept the rating on CreditWatch with negative implications where S&P
placed it on May 1, 2015.  S&P's recovery rating on the unsecured
notes remains '4', indicating its expectation for average (30% to
50%; at the upper end of the range) recovery in the event of a
payment default.

"The downgrade reflects our view that GrafTech's credit measures
are under pressure and are commensurate with a 'highly leveraged'
financial risk profile due to persistent weakness in the global
steel market, which is hurting graphite electrode demand resulting
in lower volumes, prices, and EBITDA levels," said Standard &
Poor's credit analyst Michael Maggi.

As a result, S&P expects elevated levels of leverage for the
remainder of 2015 and into 2016, and revise S&P's assessment of
GrafTech's financial risk profile to "highly leveraged" from
"significant."  S&P considers GrafTech's liquidity to be
"adequate," under S&P's criteria.

The ratings remain on CreditWatch, reflecting the potential for a
downgrade due to the possibility that GrafTech might have to
repurchase its $300 million senior unsecured notes if Brookfield
becomes the new owner and a downgrade event as defined in the
indenture has occurred.  If this were to occur, GrafTech's
liquidity could come under pressure.  S&P plans to resolve the
CreditWatch when GrafTech's potential obligation with respect to
the notes and how it would address the notes repurchase becomes
clear.



GROUND IMPROVEMENT: Fed. Cir. Dismisses Claims Against MK-Ferguson
------------------------------------------------------------------
The United States Court of Appeals, Federal Circuit, affirmed the
decisions of the U.S. Court of Federal Claims in the case captioned
GROUND IMPROVEMENT TECHNIQUES, INC., MK FERGUSON COMPANY, FOR THE
USE AND BENEFIT OF GROUND IMPROVEMENT TECHNIQUES, INC.,
Movants-Appellants, v. UNITED STATES, Defendant-Appellee. v. PNC
BANK, N.A., FIREMAN'S FUND INSURANCE COMPANY, R.N. ROBINSON & SONS,
INC., SECURED CREDITORS OF GROUND IMPROVEMENT TECHNIQUES, INC.,
Plaintiffs-Appellees, NO. 2013-5110 (Fed. Cir.).

The case arises from a subcontract between GIT and MK-Ferguson
Company.  In 1983, the Department of Energy entered into a prime
contract with Morrison Knudson Company, Inc., for multiple projects
across the nation relating to the remediation of uranium mill
tailings.  The MK prime contract was subsequently passed from
Morrison Knudson Company, Inc., to MK-Ferguson.  On March 1, 1995,
MK entered into a subcontract with GIT for work on particular
uranium mill sites located in Slick Rock, Colorado.

On September 18, 1995, with the consent of DOE, MK terminated GIT
for default.  That termination became the subject of multiple years
of litigation between MK and GIT in the U.S. District Court for the
District of Colorado.  During the course of the GIT-MK litigation,
GIT filed for Chapter 11 bankruptcy and GIT's interest the GIT-MK
litigation became an asset of the bankruptcy estate.  As part of
the bankruptcy proceeding, GIT entered into a "Reorganization
Plan," which stated that "GIT will assign . . . any and all claims,
causes of action, right, title, and interest in and to the [GIT-MK
litigation]" to five of its secured creditors: PNC Bank, Fireman's
Fund Insurance Company, Holland & Knight LLP, The Law Offices of
Frederick Huff, and R.N. Robinson & Sons, Inc.  The Reorganization
Plan further provided that "[i]f the net proceeds of the MK case
are sufficient to satisfy the claims of [the Secured Parties] in
full, the remaining proceeds shall be distributed to unsecured
creditors on a pro rata basis."  In a subsequent one-page
"Clarifying Order," the Pennsylvania bankruptcy court stated that
"the Secured Parties may either direct the Debtor to assign to the
Secured Parties or their designee all of the Debtor's rights and
interest in the [GIT-MK litigation] or, at their option, continue
prosecution of the [GIT-MK litigation] in GIT's name in lieu of an
assignment."  The Secured Parties elected to continue litigation
against MK in the name of GIT, rather than directing GIT to assign
its claims against MK to the Secured Parties.  In addition to the
Reorganization Plan, GIT and the Secured Parties also entered into
an "Agreement Respecting Litigation," which stated that, after
payment of litigation costs and $125,000 to the unsecured creditors
as required by the Reorganization Plan, the proceeds not in excess
of the secured creditors' claims would be distributed first in part
to the Secured Parties and then in part to Mr. Kinghorn, an equity
holder in GIT.

GIT eventually obtained a judgment against MK in the GIT-MK
litigation for wrongful termination.  However, the judgment was
only partially satisfied, as MK, too, had filed for bankruptcy in
the U.S. Bankruptcy Court for the District of Nevada.  The
unsatisfied portion of GIT's judgment against MK, and post-judgment
interest, were claims to be administered in MK's bankruptcy.  The
Nevada bankruptcy court required MK to submit a certified claim
with DOE to attempt to satisfy GIT's claims against MK related to
the DOE project.  Although MK did so, the certification was
contested as inadequate.  The Nevada bankruptcy court eventually
ordered GIT itself to file GIT's claims with DOE's contracting
officer under MK's name, and to certify its own claims.  GIT then
filed both a certified claim in MK's name and a certified claim in
its own name with the DOE contracting officer.  When GIT received
no response from the contracting officer, GIT filed a "deemed
denied" suit in the U.S. Court of Federal Claims.  GIT's suit
involved four breach of contract counts against the DOE: Counts
I-III in GIT's own name, and Count IV in MK's name, for the benefit
of GIT.

GIT appealed the decisions by the U.S. Court of Federal Claims
holding that GIT is not the real party in interest, granting the
real party in interest's motion for substitution and denying GIT's
motion to continue as plaintiff, and dismissing certain of GIT's
claims for lack of jurisdiction.

The appellate court agreed with the Court of Federal Claims'
holding that GIT's bankruptcy effected a transfer of GIT's claims
related to the Department of Energy project to five of its secured
creditors, and that such secured creditors, and not GIT, are the
real parties in interest in the case.

The appellate court likewise agreed that joinder of GIT is not
appropriate as it no longer has any "financial interest in claims
arising from the DOE project."

Finally, the appellate court rejected GIT's arguments and affirmed
the Court of Federal Claims' dismissal of Counts I-III (brought in
GIT's own name) for lack of privity between GIT and the government,
and therefore lack of jurisdiction.

A full-text copy of the July 28, 2015 disposition is available at
http://is.gd/ZK0HECfrom Leagle.com.

Movants-appellants are represented by:

          Steven R. Schooley, Esq.
          SCHOOLEY LAW FIRM
          108 Hillcrest Street
          Orlando, FL 32801
          Tel: (407) 377-6300
          Fax: (407) 377-6036
          Email: sschooley@schooleylawfirm.com

Defendant-appellee is represented by:

          Jeffrey A. Regner, Esq.
          Joyce R. Branda, Esq.
          Robert E. Kirschman, Jr., Esq.
          Steven J. Gillingham, Esq.
          UNITED STATES DEPARTMENT OF JUSTICE
          Commercial Litigation Branch, Civil Division
          950 Pennsylvania Avenue, NW
          Washington, DC 20530-0001
          Tel: (202) 514-2000

Plaintiffs-appellees are represented by:

          Robert G. Barbour, Esq.
          WATT, TIEDER, HOFFAR & FITZGERALD, L.L.P.
          8405 Greensboro Drive, Suite 100          
          McLean, VA 22102
          Tel: (703) 749-1000
          Fax: (703) 893-8029
          Email: rbarbour@watttieder.com


GT ADVANCED: Inks Stipulation Extending SEC Deadline Until Aug. 21
------------------------------------------------------------------
GT Advanced Technologies Inc., et al., filed with the U.S.
Bankruptcy Court for the District of New Hampshire a third
stipulation with the U.S. Securities and Exchange Commission
for a further extension of the SEC's deadline to file a complaint.

The SEC filed a motion for entry of an order extending the date by
which the SEC must file a complaint or take any other action that
may be required, if any, to determine the non-dischargeability of
any debt owed to the SEC.  The Debtor disputed that any debt that
GTAT may owe to the SEC is nondischargeable under Section
1141(d)(6) of the Bankruptcy Code, Section 523(a)(2) of the
Bankruptcy Code, or otherwise.

In order to avoid unnecessary litigation, the parties entered into
a stipulation to resolve the extension motion by extending to
July 15, 2015, the date by which the SEC must file a complaint or
take any other action that may be required, if any, to determine
the non-dischargeability of any debt owed by GT to the SEC.

The parties also entered into a second stipulation extending until
Jan. 11, 2016, the date by which the SEC must file a complaint to
determine the nondischargeability of any debt owed by GT to the
SEC.  On June 24, 2015, the Court approved the second stipulation
in part, extending the SEC's deadline until July 22, 2015.

In this relation, the parties desire to extend until Aug. 21, 2015,
the date by which the SEC must file a complaint or take any other
action that may be required, if any, to determine the
non-dischargeability of any debt owed by GT to the SEC.  

The SEC explains that it is likely that it will not challenge the
dischargeability of any debt owed by GT to the SEC.  However, the
SEC requires an additional 30 days to complete that determination
and obtain the requisite internal approvals.

                        About GT Advanced

Headquartered in Merrimack, New Hampshire, GT Advanced Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment
for the electronics industry.  On Nov. 4, 2013, GTAT announced a
multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT
had $85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
14-11916).  GT says that it has sought bankruptcy protection due
to a severe liquidity crisis brought about by its issues with
Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years
to sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.



GT ADVANCED: UST Balks at Supplemental Severance Payments
---------------------------------------------------------
William K. Harrington, U.S. Trustee for Region 1, asked that the
U.S. Bankruptcy Court for the District of New Hampshire deny GT
Hong Kong's motion to approve supplemental severance payments to
its non-insider employees of GT Advanced Technologies Inc., et al.

According to the U.S. Trustee, GT Hong Kong sought for an order
approving payments totaling $31,500 to 10 employees who will be
laid off over the next several months, to induce those employees to
remain on the job until their scheduled termination dates.

GT Hong Kong also disclosed the Debtors' intent to implement a
Management Incentive Plan for all employees other than the
executives who would have participated in the Key Employee
Incentive Plan (KEIP), without divulging any information that would
permit the Court to find that the MIP is in the ordinary course of
business, or in the alternative, that the MIP satisfies the
requirements of Section 503(c) of the Bankruptcy Code.

The U.S. Trustee said that the proposal must be denied because,
among other things:

   1. GT Hong Kong has failed to satisfy its burden of
demonstrating that the statutory and supplemental severance
recipients are not insiders;

   2. The Debtors have not established that the MIP has been
implemented in the ordinary course of business, or in the
alternative, that the MIP satisfies the requirements of Section
503(c) of the Bankruptcy Code.

The Official Committee of Unsecured Creditors submitted a statement
in support of GT Hong Kong's motion, stating that 16 employees will
be terminated leading to annualized salary and benefit savings of
approximately $2 million.  According to the Committee, the
terminations will occur gradually over an eight-month period in
order to avoid sudden disruptions that could negatively impact the
Debtors' operations.  Although these terminated employees will
receive statutorily required severance under applicable Hong Kong
law, the Debtors have expressed a reasonable concern that, absent
the supplemental severance payments, these employees may not agree
to remain with GT Hong during the gradual wind down of operations.

                        About GT Advanced

Headquartered in Merrimack, New Hampshire, GT Advanced Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment
for the electronics industry.  On Nov. 4, 2013, GTAT announced a
multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT
had $85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
14-11916).  GT says that it has sought bankruptcy protection due
to a severe liquidity crisis brought about by its issues with
Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years
to sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.



HASSAN IMPORTS: French Automobile's Appeal Dismissed
----------------------------------------------------
Judge Christina A. Snyder of the United States District Court for
the Central District of California granted the City of West
Covina's motion to dismiss French Automobile LLC's appeal from a
bankruptcy court's order approving a settlement agreement between
the city and Hassan Imports Partnership.

The same settlement was approved by a separate order in the related
bankruptcy case In re West Covina Motors, Inc.  French -- which
claims to be a creditor of the WCM estate, but not the HIP estate
-- asserted that the settlement impairs its security interest in
cash collateral held by the WCM estate, and that the bankruptcy
court denied French due process.  The City filed a motion to
dismiss French's appeal in the HIP case, and for an award of
sanctions against French and its attorneys.

Judge Snyder held that French did not have appellate standing in
the bankruptcy context because of its failure to oppose the HIP
trustee's settlement motion in the bankruptcy court.  The judge
further explained that French has not shown that it is "directly
and adversely affected pecuniarily by an order of the bankruptcy
court."

Judge Snyder, however, denied the City's motion for sanctions
because she was not convinced that the appeal was brought in
subjective bad faith.

The case is IN RE: HASSAN IMPORTS PARTNERSHIP, NO.
2:15-CV-04091-CAS (C.D. Cal.).

A full-text copy of Judge Snyder's July 27, 2015 civil minutes -
general is available at http://is.gd/5wqQtbat Leagle.com.  

French Automobile LLC is represented by:

          Carol Chow, Esq.
          Theodore B. Stolman, Esq.
          FREEMAN FREEMAN AND SMILEY LLP
          1888 Century Park East Suite 1900
          Los Angeles, CA 90067
          Tel: (310) 255-6100
          Fax: (310) 255-6200
          Email: carol.chow@ffslaw.com
                 ted.stolman@ffslaw.com

David A. Gill is represented by:

          John N. Tedford, IV, Esq.
          Kevin David Meek, Esq.
          DANNING GILL DIAMOND & KOLLITZ LLP
          1900 Avenue of the Stars 11th Floor
          Los Angeles, CA 90067
          Tel: (310) 277-0077
          Fax: (310) 277-5735
          Email: jtedford@dgdk.com
                 kmeek@dgdk.com

CorePointe Capital Finance LLC is represented by:

          Kim P. Gage, Esq.
          Randal P. Mroczynski, Esq.
          COOKSEY TOOLEN GAGE DUFFY & WOOG
          535 Anton Boulevard, Tenth Floor
          Costa Mesa, CA 92626
          Tel: (714) 431-1100
          Fax: (714) 431-1119

Howard M. Ehrenberg is represented by:

          Daniel A. Lev, Esq.
          SULMEYER KUPETZ
          333 S. Hope Street Thirty-Fifth Floor
          Los Angeles, CA 90071
          Tel: (213) 626-2311
          Fax: (213) 629-4520
          Email: dlev@sulmeyerlaw.com

City of West Covina is represented by:

          Emily L. Wallerstein, Esq.
          Stephen T. Owens, Esq.
          SQUIRE PATTON BOGGS (US) LLP
          555 South Flower Street, 31st Floor
          Los Angeles, CA 90071
          Tel: (213) 624-2500
          Fax: (213) 623-4581
          Email: emily.wallerstein@squirepb.com
                 Stephen.owens@squirepb.com

             -- and –

          Christopher J. Petersen, Esq.
          BLANK ROME LLP          
          2029 Century Park East 6th Floor
          Los Angeles, CA 90067
          Tel: (424) 239-3400
          Fax: (424) 239-3434
          Email: cjpetersen@blankrome.com


HCSB FINANCIAL: Posts $703,000 Net Loss in Second Quarter
---------------------------------------------------------
HCSB Financial Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
available to common shareholders of $703,000 on $3.5 million of
total interest income for the three months ended June 30, 2015,
compared to a net loss available to common shareholders of $370,000
on $4.1 million of total interest income for the same period during
the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss available to common shareholders of $798,000 on $6.8 million
of total interest income compared to a net loss available to common
shareholders of $275,000 on $8.2 million of total interest income
for the same period in 2014.

As of June 30, 2015, the Company had $413.8 million in total
assets, $425.9 million in total liabilities and a $12.1 million
total shareholders' deficit.

                         Bankruptcy Warning

"The Company has been deferring interest payments on its trust
preferred securities since March 2011 and has deferred interest
payments for 18 consecutive quarters.  The Company is allowed to
defer payments for up to 20 consecutive quarterly periods, although
interest will also accrue and compound quarterly from the date such
deferred interest would have been payable were it not for the
extension period.  All of the deferred interest, including interest
accrued on such deferred interest, is due and payable at the end of
the applicable deferral period, which is in March 2016. At June 30,
2015, total accrued interest equaled $805 thousand.  If we are not
able to raise a sufficient amount of additional capital, the
Company will not be able to pay this interest when it becomes due
and the Bank may be unable to remain in compliance with the Consent
Order.  In addition, the Company must first make interest payments
under the subordinated notes, which are senior to the trust
preferred securities.  Even if the Company succeeds in raising
capital, it will have to be released from the Written Agreement or
obtain approval from the Federal Reserve Bank of Richmond to pay
interest on the trust preferred securities.  If this interest is
not paid by March 2016, the Company will be in default under the
terms of the indenture related to the trust preferred securities.
If the Company fails to pay the deferred and compounded interest at
the end of the deferral period the trustee or the holders of 25% of
the aggregate trust preferred securities outstanding, by providing
written notice to the Company, may declare the entire principal and
unpaid interest amounts of the trust preferred securities
immediately due and payable.  The aggregate principal amount of
these trust preferred securities is $6.0 million.  The trust
preferred securities are junior to the subordinated notes, so even
if a default is declared the trust preferred securities cannot be
repaid prior to repayment of the subordinated notes.  However, if
the trustee or the holders of the trust preferred securities
declares a default under the trust preferred securities, the
Company could be forced into involuntary bankruptcy," the Company
said in the filing.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/8WWnyj

                        About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.4 million on $16.09 million of total interest income for the
year ended Dec. 31, 2014, compared to net income available to
common shareholders of $911,000 on $17.07 million of total interest
income for the year ended Dec. 31, 2013.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has suffered recurring losses that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation that requires, among other
provisions, capital ratios to be maintained at certain levels.  As
of Dec. 31, 2014, the Company's subsidiary is considered
significantly undercapitalized based on its regulatory capital
levels.  These considerations raise substantial doubt about the
Company's ability to continue as a going concern.  The Company also
has deferred interest payments on its junior subordinated
debentures for 16 consecutive quarters as of Dec. 31, 2014.  Under
the terms of the debentures, the Company may defer payments for up
to 20 consecutive quarters without creating a default.  Payment for
the 20th quarter interest deferral period will be due in March
2016.  If the Company fails to pay the deferred and compounded
interest at the end of the deferral period, the trustees of the
corresponding trusts, would have the right, after any applicable
grace period, to exercise various remedies, including demanding
immediate payment in full of the entire outstanding principal
amount of the debentures.  The balance of the debentures and
accrued interest as of December 31, 2014 were $6.19 million and
$714,000, respectively.  These events also raise substantial doubt
about the Company's ability to continue as a going concern as of
Dec. 31, 2014.


HEALTHWAREHOUSE.COM INC: Reports 27.9% Quarterly Sales Growth
-------------------------------------------------------------
HealthWarehouse.com, Inc. announced financial results for the
quarter ended June 30, 2015.

For the quarter ended June 30, 2015, net sales improved to
$1,870,840 up 27.9% from the quarter ended June 30, 2014.  Gross
margin increased to 67% from 60% while net loss narrowed by 78.2%
to ($79,681) for the quarter ended June 30, 2015, from ($365,042)
for the quarter ended June 30, 2014.

For the quarter ended June 30, 2015, HEWA reported adjusted EBITDAS
of $109,610, vs. adjusted EBITDAS of ($96,063) for the quarter
ended June 30, 2014, an improvement of 214.1%.  The Company
believes that adjusted EBITDAS (Earnings Before Interest, Taxes,
Depreciation, Amortization and Stock-Based Compensation), a
non-GAAP financial measure, is useful in evaluating its operating
performance compared to that of other companies in our industry.

"Our renewed focus to serve online consumers who pay out of pocket
for their prescriptions is showing further gains financially with
core online prescription and over-the-counter (OTC) revenue growth,
positive operating income and significantly reduced net losses.
Moreover, evidence that we are providing a valuable service is
shared daily in our customer reviews," said Mr. Lalit Dhadphale,
president & CEO of HealthWarehouse.com.

A customer recently shared the following review, "These guys are
awesome! I've been dealing with HealthWarehouse.com for a good many
years and have never been anything but satisfied.  I take quite a
bit of medication and their prices for generic have been even lower
than my copay with my insurance when I had been working.  Now that
I'm on Medicare I have a Part D plan for medication.  Some generic
drugs I take aren't even covered by the plan. So, I get them
through HealthWarehouse.com.  Reasonable prices, quick delivery,
exceptional customer service.  The guys are awesome!"

2nd Quarter 2015 Highlights:

   * Net Sales:  Increased by $408,386 or 27.9% compared to the
     2nd Quarter of 2014, due to increases in all business
     segments.

   * Gross Profit: Increased by $380,889 or 43.7% compared to the
     2nd Quarter of 2014 due to the sales growth and increasing
     margins to 67% from 60%.

   * Net Loss:  Improved by $285,361 or 78.1% compared to the 2nd
     Quarter of 2014 as a result of the increased net sales and
     reduced operating expenses as detailed above.

                    About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter medical products.

Healthwarehouse.com reported a net loss attributable to common
stockholders of $2.08 million on $6.12 million of net sales for the
year ended Dec. 31, 2014, compared with a net loss attributable to
common stockholders of $7.3 million on $10.23 million of net sales
in 2013.

As of June 30, 2015, the Company had $1.2 million in total assets,
$4.7 million in total liabilities and a $3.5 million total
stockholders' deficiency.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

                         Bankruptcy Warning

"The Company recognizes it will need to raise additional capital in
order to fund operations, meet its payment obligations and execute
its business plan.  There is no assurance that additional financing
will be available when needed or that management will be able to
obtain financing on terms acceptable to the Company and whether the
Company will become profitable and generate positive operating cash
flow.  If the Company is unable to raise sufficient additional
funds, it will have to develop and implement a plan to further
extend payables, attempt to extend note repayments, attempt to
negotiate the preferred stock redemption and reduce overhead until
sufficient additional capital is raised to support further
operations.  There can be no assurance that such a plan will be
successful.  If the Company is unable to obtain financing on a
timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company stated in the Quarterly Report.


HERCULES OFFSHORE: Moody's Lowers CFR to Ca on Bankruptcy Filing
----------------------------------------------------------------
Moody's Investors Service downgraded Hercules Offshore, Inc.'s
Probability of Default Rating (PDR) to D-PD from Caa2-PD, Corporate
Family Rating (CFR) to Ca from Caa2 and its senior unsecured bond
rating to Ca from Caa2.  These actions follow the company's
announcement that it had filed a pre-packaged plan of
reorganization under Chapter 11 of the U.S. Bankruptcy Code to
continue its financial restructuring.  Moody's will withdraw all
ratings for the company in the near future.

Downgrades:

  Corporate Family Rating, Downgraded to Ca from Caa2
  Probability of Default Rating, Downgraded to D-PD from Caa2-PD
  Senior Unsecured Regular Bond/Debenture, Downgraded to Ca (LGD4)

   from Caa2 (LGD4)

Ratings and outlook to be withdrawn in the near future:

  Issuer: Hercules Offshore, Inc.
   Corporate Family Rating, at Ca
   Probability of Default Rating, at D-PD
   Senior Unsecured Regular Bond/Debenture, at Ca (LGD4)
   Speculative Grade Liquidity Rating, at SGL-4

Issuer: Hercules Offshore, Inc.

   Outlook, Negative

RATINGS RATIONALE

Hercules' Chapter 11 bankruptcy filing has resulted in a downgrade
of its PDR to D-PD.  Moody's also downgraded the company's CFR to
Ca and its senior unsecured bond rating to Ca, reflecting Moody's
view on the potential recoveries.  Shortly following this rating
action, Moody's will withdraw all Hercules' ratings.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.

Hercules Offshore, Inc. is a global provider of offshore contract
drilling and liftboat services to the oil and gas industry.
Headquartered in Houston, Texas, the company operates principally
in the shallow-water region of the Gulf of Mexico and in a number
of international locations.



HERCULES OFFSHORE: Oil & Gas Driller Expects Short Stay in Ch.11
----------------------------------------------------------------
Hercules Offshore, Inc., sought Chapter 11 bankruptcy protection
with a pre-packaged plan that would convert $1.2 billion of
outstanding senior notes to 96.9% of new common equity.

Hercules expects its Chapter 11 reorganization to conclude in
approximately 45 to 60 days.  At Hercules's behest, the U.S.
Bankruptcy Court for the District of Delaware has scheduled a Sept.
24, 2015 combined hearing to consider approval of the Disclosure
Statement and confirmation of the Plan.

Largely driven by the fluctuation in commodity prices, Hercules,
like other companies in the offshore drilling market, has faced
challenges as demand for jackup rigs remains weak, while the market
is still scheduled to deliver a significant number of newbuild rigs
in the next several years.

On June 17, 2015, after many weeks of intensive negotiations, the
Debtors and a group of holders of senior notes, who collectively
hold in excess of two-thirds of the aggregate principal amounts
outstanding under the Senior Notes, entered into the Restructuring
Support Agreement, which paved way for the filing of the Plan.

The Debtors commenced solicitation of votes for the Plan prior to
the bankruptcy filing.  The senior noteholders -- the only class of
creditors entitled to vote -- overwhelmingly accepted the Plan.
More than 300 senior noteholders with aggregate holdings in excess
of $1.2 billion of senior notes have voted to accept the Plan while
only two holders with $320,000 of the senior notes voted against
the Plan.

The Debtors say they have sufficient liquid unencumbered assets to
accomplish their goals (subject to any counterclaims or defenses)
in the Chapter 11 cases without the incurrence of DIP loans.

                 Prepetition Capital Structure

The Debtors have asserted that the going concern enterprise value
falls within a range of approximately $535 million to $725 million.


The Debtors have total liabilities of approximately $1.31 billion.
As of the Petition Date, the Debtors' funded debt consists of
approximately $1.2 billion of unsecured senior notes issued over
time in six series.  The Debtors do not have any institutional
secured debt having previously terminated their secured credit
facility in June 2015 as there were no amounts drawn under that
facility.

As of the Petition Date, HERO common stock was listed for trading
on The Nasdaq Global Select Market and approximately 161,639,357
shares were issued and outstanding.  HERO expects that its common
stock will become delisted from trading on NASDAQ following the
Petition Date and will then be traded on the OTC Pink market.

                        The Prepack Plan

The Plan eliminates the Debtors' funded debt obligations by
converting the entire $1.2 billion in principal amount of the
senior notes into 96.9% of the New HERO Common Stock.  

Despite the fact that the amount of the Debtors' liabilities
significantly exceeds the Debtors' enterprise value -- by more than
$500 million -- and thus, the existing equity holders are
substantially out of the money, the Plan provides that the other
3.1% of the New HERO Common Stock and 100% of the New HERO Warrants
-- which provide holders the opportunity to purchase their pro rata
share of up to an additional 20.0% of the New HERO Common Stock at
a price per share price based upon a $1.55 billion total enterprise
value -- will be allocated to existing equity holders in exchange
for cancellation of their existing stock and granting the voluntary
third-party releases set forth in the Plan.  Holders of HERO Equity
Interests that opt not to grant the releases contained in Article
VII.F of the Plan will not receive any distribution whatsoever
under the Plan and will miss the opportunity to receive the New
HERO Common Stock and the New HERO Warrants.

Holders of Allowed General Unsecured Claims will be paid in the
ordinary course of business in accordance with ordinary course
terms under the Plan subject to any rights or defenses the Debtors
may have to all or any portion of such Claims.  Effectively, the
Plan will reinstate those General Unsecured Claims and leave them
unimpaired.  

The Debtors estimate that, as of the Petition Date, they owe a
total of approximately $7,620,000 on account of undisputed claims,
including approximately $2,235,000 to foreign creditors.  The
Debtors are not seeking to pay these amounts immediately; rather
the Debtors will pay those amounts as they become due and payable
in the ordinary course of their businesses.

The Debtors have received commitments from certain members of the
Steering Group for a new $450 million term loan exit facility to
provide liquidity for the continuation of operations following the
Effective Date.  The new first lien debt will have a maturity of
4.5 years and bears interest at LIBOR plus 9.5% per annum (1.0%
LIBOR Floor), payable in cash, issued at a price equal to 97% of
the principal amount.  The first lien debt will consist of $450
million for general corporate use and to finance the remaining
construction cost of the Company's newbuild rig, the Hercules
Highlander, and will be guaranteed by substantially all of HERO's
U.S. domestic and international subsidiaries and secured by liens
on substantially all of HERO's domestic and foreign assets.

The projected recoveries under the Plan are:

                                                     Projected
  Class    Claim or Interest        Voting Rights     Recovery
  -----    -----------------        -------------     --------
    1      Other Priority Claims      Unimpaired        100%
    2      Other Secured Claims       Unimpaired        100%
    3      Senior Notes Claims        Impaired           41%
    4      General Unsecured Claims   Unimpaired        100%
    5      Intercompany Claims        Unimpaired        100%
    6      Intercompany Interests     Unimpaired        100%
    7      HERO Equity Interests      Impaired            0%

A copy of the Disclosure Statement is available for free at:

       http://bankrupt.com/misc/Hercules_O_Plan_DS.pdf

                         First Day Motions

The Debtors have requested a variety of forms of relief in the
"first day" motions and applications to minimize the adverse
effects of the commencement of the Chapter 11 cases on the Debtors'
businesses and to facilitate confirmation of the Plan.

The Debtors are seeking approval to:

  -- jointly administer their Chapter 11 cases;
  -- tap Prime Clerk claims and noticing agent;
  -- pay prepetition wages and benefits;
  -- pay prepetition claims of unsecured creditors;
  -- pay certain taxes;
  -- continue their prepetition insurance programs;
  -- maintain their cash management system;
  -- prohibit utilities from discontinuing service; and
  -- assume the restructuring support agreement.

A copy of the affidavit in support of the first day motions is
available for free at:

   http://bankrupt.com/misc/Hercules_O_1st_Day_Affidavit.pdf

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Delaware.  The cases are pending before the Honorable Kevin J.
Carey, and the Debtors have requested that their cases be jointly
administered under Case No. 15-11685.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

The Steering Group of Holders of Senior Notes is represented by:

         AKIN GUMP STRAUSS HAUER & FELD LLP
         One Bryant Park, Bank of America Tower
         New York, NY 10036-6745
         Attn: Arik Preis, Esq.
               Michael S. Stamer, Esq.
         Tel: (212) 872-1000
         Fax: (212) 872-1002
         E-mail: apreis@akingump.com
                 mstamer@akingump.com


HERCULES OFFSHORE: Prepack Plan Hearing, Objections in September
----------------------------------------------------------------
At the behest of Hercules Offshore, Inc. and its affiliated
debtor-entities, Delaware Bankruptcy Judge Kevin J. Carey entered
an order scheduling a Sept. 24 combined hearing to consider
approval of the explanatory Disclosure Statement and confirmation
of the Debtors' Prepackaged Chapter 11 Plan of Reorganization.  The
judge also approved a Sept. 21 deadline for objections.

The Debtors have proposed to the Bankruptcy Court procedures,
hearings and deadlines in connection with the confirmation of their
Prepackaged Plan.  Specifically, the Debtor proposed this
schedule:

      Event                                  Date
      -----                                  ----
   Start of Solicitation                July 13, 2015
   Voting Record Date                   July 13, 2015
   Equity Opt Out Record Date           July 13, 2015
   Equity Release Consent Notice
     Distribution Date                  July 17, 2015
   Voting Deadline                      Aug. 12, 2015
   Opt Out Deadline                     Aug. 12, 2015
   Petition Date                        Aug. 13, 2015
   Notice Date                          Aug. 17, 2015
   Confirmation Objection Deadline      Sep. 16, 2015
   Deadline to File Confirmation Brief
     and Reply to Plan Objection(s)     Sep. 21, 2015
   Confirmation Hearing                 Sep. 25, 2015

The Debtors commenced solicitation of holders of claims regarding
the Plan prior to the Petition Date.  As of the bankruptcy filing,
holders of more than 99% in amount of Class 3 Senior Notes Claims
-- the only class entitled to vote on the Plan -- already have
voted to accept the Plan.  Under the Plan, holders of the entire
$1.2 billion in principal amount of the senior notes will be
converted into 96.9% of the New HERO Common Stock.  

The amount of the Debtors' liabilities significantly exceeds the
Debtors' enterprise value -- by more than $500 million -- and thus,
holders of HERO Equity Interests are substantially "out of the
money."  Consequently, under Article III.D.7 of the Plan, HERO
Equity Interests will be cancelled and discharged and shall be of
no further force or effect, and therefore have been deemed to
reject the Plan.

Notwithstanding, on or as soon as practicable after the Effective
Date, holders of HERO Equity Interests will receive, in exchange
for the surrender or cancellation of their HERO Equity Interests
and for the releases pursuant to section VII.F of the Plan, their
Pro Rata share of (1) the Shareholder Equity Distribution and (2)
the New HERO Warrants.  However, any holder of a HERO Equity
Interest that opts not to grant the voluntary releases contained in
Article VII.F of the Plan will not receive its pro rata share of
the Shareholder Equity Distribution and the New HERO Warrants and
shall not receive any consideration or any distribution whatsoever
under the Plan.

The Debtors said a combined hearing will reduce their time to
remain in bankruptcy, thereby cutting the costs of administering
and funding the Chapter 11 cases.

Judge Carey has not yet approved the proposed procedures for the
distribution of the Equity Release Consent Notice, among others.  A
hearing on the matter is slated for Aug. 24 at 2:00 p.m.

A copy of Judge Carey's Aug. 14 order is available for free at:

    http://bankrupt.com/misc/Hercules_O_Plan_Sked_Order.pdf

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.


HERCULES OFFSHORE: Wants Schedules Filing Extended Until Nov. 7
---------------------------------------------------------------
Hercules Offshore, Inc., and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to:

     -- extend the time for the Debtors to file  their schedules of
assets and liabilities and statements of financial affairs through
and including Nov. 7, 2015, and

     -- waive the requirement to file those documents if
confirmation of their Pre-Pack Plan occurs on or before Nov. 7.

Matthew B. Harvey, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
explains that an extension is necessary because, among other
things, the Debtors have thousands of potential creditors and the
operation of the Debtors' international businesses requires the
Debtors to maintain voluminous books, records, and complex
accounting systems.

Mr. Harvey adds that it is appropriate to waive the requirement
that the Debtors file the Schedules and Statements effective upon
confirmation of the Plan if confirmation occurs on or before Nov.
7.  He says that completing the Schedules and Statements would
require the Debtors and their advisors to dedicate substantial time
and resources, and at substantial cost, with little or no benefit
to the estate and creditors because the Debtors have proposed a
prepackaged, "ride through" Plan that has been accepted
overwhelmingly by the only impaired voting class.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.


HEWLETT-PACKARD: Moody's Lowers Pref. Stock Registration to (P)Ba1
------------------------------------------------------------------
Moody's Investors Service downgraded the senior unsecured rating of
Hewlett-Packard Company ("HP") to Baa2 from Baa1 and confirmed the
Prime-2 short term rating.  This completes a review initiated on
Oct. 6, 2014 when HP announced its intent to separate its
Enterprise businesses from the company's personal computer and
printing operations through a tax free spin-off to shareholders.
Subject to customary regulatory filings, HP expects the separation
will be completed by the end of fiscal year ending Oct. 2015.
Following the spinoff, HP will be renamed Hewlett-Packard Inc.
("HPI").  This rating action incorporates Moody's expectation that
there is a high likelihood that the separation occurs and thus
looks through to the credit profile of HPI.  The outlook is
stable.

Ratings downgraded for Hewlett-Packard Company:

  Senior unsecured rating to Baa2 from Baa1
  Senior unsecured MTN program to (P)Baa2 from (P)Baa1
  Senior unsecured shelf registration to (P)Baa2 from (P)Baa1
  Subordinated shelf registration to (P)Baa3 from (P)Baa2
  Preferred stock shelf registration to (P)Ba1 from (P)Baa3
  Preferred Non-cumulative stock shelf registration to (P)Ba1 from

   (P)Baa3

Ratings downgraded for Electronic Data Systems Corporation
(guaranteed by Hewlett-Packard Company)

  Senior unsecured rating to Baa2 from Baa1
  Ratings confirmed for Hewlett Packard Company:
  Prime-2 short term rating

"HP's Baa2 rating reflects the anticipated spin-off the Enterprise
business and the remaining company's strong to leading market
positions in printing and personal computers, countered by the
secular growth challenges in both segments that will persist for
the foreseeable future," stated Richard Lane, Moody's Senior Vice
President.  Lane added that "despite the growth challenges, annual
EBITDA of about $4.5 billion, providing good flexibility to invest
in adjacent markets such as 3D printing, although scaling
operations in these new markets will take several years to be a
material contributor."

RATINGS RATIONALE

The Baa2 senior unsecured rating is supported by strong to leading
market positions in printing and personal computers, very high
brand awareness, significant scale, and global presence.  The
rating also reflects the company's significant scale, with
projected 2015 revenue of around $53 billion and adjusted EBITDA
approximating $4.5 billion annually.  Combined with very modest
capital expenditure requirements, the company will convert a high
percentage of profitability into free cash flow, projected to be
around $2 billion annually.  Adjusted gross debt to EBITDA is
projected at approximately 2x.

Despite these strengths, ongoing secular demand challenges in both
the printing and PC markets will persist for the foreseeable
future, resulting in continued challenges to grow revenue.
Additionally, while management has executed well and selectively
targeted more profitable market segments of printing and PC's,
competitive pricing in these slow-to-no-growth markets could
intensify, pressuring adjusted EBITDA margins that Moody's
estimates at 9%.  These challenges underscore the importance of
entering into adjacent markets and new form factors with an
emphasis on cost efficiency in order to support the businesses
longer term.

The capital intensity is low with capital expenditures less than
1.5% of revenue.  Accordingly, cash flow conversion is very
efficient as the company converts about 70% of EBITDA to cash from
operations less capital expenditures (Moody's adjusted).  In
addition, the liquidity profile will be very strong as HPI is
expected to complete the spin-off with around $4 billion of cash
and equivalents and generate about $2 billion in free cash flow
("FCF") over the intermediate term.  The majority of cash and FCF
will be overseas, but the company will have relatively efficient
access to this cash with only modest tax implications should the
company bring cash back to the US.  Given Moody's expectations of
limited growth prospects and a modest acquisition profile, however,
the company may be pressured by shareholders to allocate more cash
than currently anticipated to dividends or share repurchases.

HP has a leading market position in the global printing market with
over $22 billion of annual revenue and $4.1 billion of annual
operating profit with an operating margin in excess of 18%, up from
13% three years ago.  The operating margin expansion is largely
attributable to effective cost reductions, improved mix, and
targeting markets more selectively.  However, printing revenues
have declined each quarter for the last three years, while the
profitable supplies revenue has decline in all but one quarter.
The market will remain challenged to grow and pricing could become
more aggressive.  As HP moves into adjacent markets such as 3D
printing, Moody's believes there are execution risks, but that the
company is well positioned to pursue the opportunity given its
broad customer base and strong brand name.  But there will not be a
meaningful contribution to total revenue from these new markets for
several years, however, as it will take time to scale these new
businesses.

The rating also reflects the company's very strong position in the
PC market with nearly $34 billion of annual revenues and $1.2
billion of annual operating profit.  HP's strong to leading market
position (depending on geography), unit growth as well as operating
profit margin stability in the face of a declining PC market points
to solid execution.  The overall PC market will continue its slow
decline, however, HP and other top players (Lenovo and Dell) will
continue to take share as smaller competitors who lack scale will
recede.

HPI will maintain a very strong liquidity profile, exiting the spin
transaction with approximately $4 billion of cash and equivalents.
The majority of cash balances and free cash flow will be offshore,
but the company will have good access to this cash with only modest
tax implications should the company bring cash back to the US.  HPI
will have additional liquidity in the form of sizable revolving
credit facility that would be used as a backstop to a comparably
sized commercial paper program.

The company has indicated that HPI's common dividend post spinoff
will be more than half of the existing $1.2 billion Hewlett-Packard
Company common dividend.  Moody's anticipates that share
repurchases will be will well within the scope of the company's
free cash flow.

The stable outlook reflects Moody's expectation that HPI revenue
will be flat with EBITDA in the range of $4.5 billion to $5.0
billion over the next two years.  Moody's expects acquisition
activity and capital allocation will be disciplined, thereby
maintaining a modestly leveraged and liquid balance sheet.

The rating could be upgraded if HPI is positioned to sustain
revenue growth while maintaining or expanding profit margins.
Additionally, sustaining EBITDA margins above 10%, adjusted debt to
EBITDA less than 1.75x, and free cash flow to adjusted debt in
excess of 20% while maintaining conservative financial policies and
robust liquidity could be supportive of an upgrade over time.

The rating could be downgraded if HPI (i) encounters material
difficulties related to the separation, (ii) fails to position
itself for growth by fiscal 2017 or fails to maintain EBITDA
margins above 7%, or (iii) adopts a more aggressive capital
structure such that adjusted debt to EBITDA is sustained above
2.75x or free cash flow to adjusted debt is sustained at less than
15%.

Hewlett-Packard Inc., headquartered in Palo Alto, California, with
$57 billion in revenue for the fiscal year ended October 2014, is a
market leading provider of laser and inkjet printers and personal
computers.

The principal methodology used in these ratings was Global
Technology Hardware published in October 2010.



HEXION INC: Incurs $2 Million Net Loss in Second Quarter
--------------------------------------------------------
Hexion Inc. filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $2 million
on $1 billion of net sales for the three months ended June 30,
2015, compared to a net loss of $22 million on $1.3 billion of net
sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $36 million on $2.1 billion of net sales compared to a net
loss of $40 million on $2.6 billion of net sales for the same
period during the prior year.

As of June 30, 2015, the Company had $2.7 billion in total assets,
$5.1 billion in total liabilities and a $2.4 billion total
deficit.

"We were pleased with our second quarter 2015 results as our
diversified portfolio and the positive impact of our ongoing
productivity initiatives drove year-over-year gains in our Segment
EBITDA despite currency fluctuations," said Craig O. Morrison,
chairman, president and CEO.  "We posted significant EBITDA
improvement in a number of businesses, including our base and
specialty epoxy resins, and Latin America forest products, which
more than offset continued weakness in our oilfield business.  We
are also pleased to report that we successfully resolved a supplier
outage impacting our Versatic Acids business and that our Moerdijk,
Netherlands site recently returned to normal operations. Going
forward, we remain focused on completing construction of our three
new formaldehyde sites as key elements of our strategic growth
strategy.  These new sites remain on track to come online in the
second half of 2015 and early 2016."

Hexion expects to have adequate liquidity to fund its ongoing
operations for the next twelve months from cash on its balance
sheet, cash flows provided by operating activities and amounts
available for borrowings under its credit facilities.

A full-text copy of the Form 10-Q is available for fre at;

                        http://is.gd/b5Ft71

                          About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a producer of thermoset resins
(epoxy, formaldehyde and acrylic).  The company is also a supplier
of specialty resins for inks and specialty coatings sold to a
diverse customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Hexion reported a net loss of $148 million in 2014 following a net
loss of $634 million in 2013.

                           *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive
Specialty by one notch to 'CCC+' from 'B-'.  "The downgrade
follows MSC's significant use of cash in the first half of 2014 and
our expectation that lackluster cash flow from operations and
elevated capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Dec. 15, 2014, Moody's Investors Service
lowered the Corporate Family Rating of Momentive to 'Caa1' from
'B3'.  "Due to elevated leverage, heavy capital spending on new
capacity in 2014 and 2015, and the lack of meaningful improvement
in financial performance, Moody's have lowered Momentive
Specialty's rating," stated John Rogers, senior vice president at
Moody's.


HOPKINS COUNTY HOSPITAL: Moody's Affirms B1 Rating on $22.7MM Bonds
-------------------------------------------------------------------
Moody's Investors Service has affirmed the B1 rating assigned to
Hopkins County Hospital District's (TX) $22.7 million of
outstanding bonds.  The outlook is revised to stable from
negative.

SUMMARY RATING RATIONALE

The revision of the outlook to stable from negative reflects the
recent improvement in Hopkins County Hospital District's (HCHD) in
interim financial performance through nine months ending June 30,
2015 and increase in unrestricted cash and investments, providing
greater headroom to the required bond financial covenants.  The
affirmation of the B1 rating reflects HCHD's role as the sole
hospital in Hopkins County and favorable volume trends during FY
2014.  An increase in property tax revenues (which are for
operating needs and not pledged to bondholders) given local
economic growth, home values and increased tax millage also
supports the rating.  These attributes are offset by the small size
of the enterprise and inherent risks associated with a small
medical staff.

OUTLOOK

The stable outlook reflects Moody's expectation that FY 2015 should
show better results given volume increases and the rise in tax
revenues.  Liquidity has also been maintained at higher levels over
the past year.  Notwithstanding, HCHD's small size makes financial
performance and liquidity vulnerable to unfavorable volume trends
and may lead to rating pressure in the future.

WHAT COULD MAKE THE RATING GO UP

  Material and sustained improvement in financial performance
  Enterprise growth and medical staff growth that enables the
   organization to withstand any unexpected changes or departures
  Material improvement in absolute liquidity

WHAT COULD MAKE THE RATING GO DOWN

  Decline in liquidity
  Departure from recent financial improvement through volume
   declines, abatement or reduction of supplemental funding or
   reduction in tax revenues

OBLIGOR PROFILE

Hopkins County Hospital District owns and operates Hopkins County
Memorial Hospital (HCMH), a 54-staffed bed acute care hospital
located in Sulphur Springs, TX.  HCHD is a political subdivision of
the state of Texas.

LEGAL SECURITY

The bonds are secured by Pledged Revenues, as defined in the bond
documents, of HCHD and a debt service reserve fund.  Tax revenues
are not pledged to the bonds.  Bond covenants include a liquidity
pledge of not less than 60 days cash on hand and a rate covenant of
not less than 115% for the Obligated Group measured annually;
consultant required if covenants missed; event of default if rate
covenant less than 115% for two consecutive years or if liquidity
less than 60 days one year after consultant's report issued.  HCHD
was in compliance with its covenants when measured at Sept. 30,
2014.  Increased headroom to the covenants in interim FY 2015
viewed favorably.  Memorial Clinic, which employs physicians, is a
separate tax-exempt organization and a blended component unit of
HCHD with HCHD its sole member.  Memorial Clinic is not obligated
on debt service on the bonds.



HRK HOLDINGS: Seeks Nov. 16 Extension for Filing Chapter 11 Plan
----------------------------------------------------------------
HRK Holdings, LLC, and HRK Industries, LLC, ask the U.S. Bankruptcy
Court for the Middle District of Florida, Tampa Division, to extend
the period in which they must file their Chapter 11 Plan and
Disclosure Statement from Aug. 4, 2015 to Nov. 16, 2015.

Barbara A. Hart, Esq., at Stichter Riedel Blain & Postler, P.A., in
Tampa, Florida, tells the Court that the Debtors are engaged in
pursuing additional sales of real property, funding for operational
expenses and exit financing and that they are also engaged in
litigation pending in the Circuit Court of the Ninth Judicial
Circuit, in Orange County, Florida.  Ms. Hart further tells the
Court that the outcome of additional sales, funding and the
Litigation will affect the Debtors' plan of reorganization. She
says that the Debtors are not seeking a further extension of the
exclusive period to file a plan and submit that cause exists to
grant the extension of time requested.

The Debtors' Motion is scheduled for hearing on Aug. 20, 2015 at
2:30 p.m.

HRK's attorneys can be reached at:

          Scott A. Stichter, Esq.
          Barbara A. Hart, Esq.
          STICHTER RIEDEL BLAIN & POSTLER, P.A.
          110 Madison Street, Ste. 200
          Tampa, FL 33602
          Telephone: (813)229-0144
          Facsimile: (813)229-1811
          E-mail: sstichter@srbp.com
                  bhart@srbp.com

                        About HRK Holdings

HRK Holdings and HRK Industries LLC filed for Chapter 11

protection (Bankr. M.D. Fla. Case Nos. 12-09868 and 12-09869) on
June 27, 2012.  Judge K. Rodney May oversees the case.  Barbara A.
Hart, Esq., and Scott A. Stichter, Esq., at Stichter, Riedel, Blain
&
Prosser, P.A., represents the Debtors.



HRK Holdings disclosed $33.4 million in assets and $26.1 million in
liabilities in its revised schedules.

The bankruptcy filing was necessitated by the immediate need to
sell a portion of the remaining property to create liquidity for
(a) funding the urgent management of the site-related environmental
concerns; the benefit of creditors; funding a litigation filed by
the Debtors; and funding of expenses related to additional sales of
the remaining property.

HRK Holdings is selling real property assets to Allied Universal

Corp. and Mayo Fertilizer, Inc.  The Court allowed HRK and the
purchasers to enter into any modifications to the agreements
without need of further Court approval, provided that no amendments
will occur without prior consent of Regions Bank.



IMAGEWARE SYSTEMS: Hosts Conference Call to Discuss Results
-----------------------------------------------------------
ImageWare Systems, Inc., hosted a conference call on Aug. 10, 2015,
to discuss its financial results for the quarter ended
June 30, 2015. A copy of the transcript for this conference call is
available for free at http://is.gd/l6GGch

                     About ImageWare Systems

Headquartered in San Diego, California, ImageWare Systems, Inc.,
is a leader in the emerging market for software-based identity
management solutions, providing biometric, secure credential, law
enforcement and enterprise authorization.  Its "flagship" product
is the IWS Biometric Engine.  Scalable for small city business or
worldwide deployment, the Company's biometric engine is a multi-
biometric platform that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes.  The Company's identification products are used to manage
and issue secure credentials, including national IDs, passports,
driver licenses, smart cards and access control credentials.  Its
law enforcement products provide law enforcement with integrated
mug shot, fingerprint LiveScan and investigative capabilities.
The Company also provides comprehensive authentication security
software.

Imageware Systems incurred a net loss of $9.84 million in 2013, a
net loss of $10.2 million in 2012 and a net loss of $3.18 million
in 2011.

As of June 30, 2015, the Company had $11.1 million in total assets,
$3.7 million in total liabilities and $7.4 million in total
shareholders' equity.


IMH FINANCIAL: Reports $3.5 Million Net Income in Second Quarter
----------------------------------------------------------------
IMH Financial Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to common shareholders of $3.5 million on $9.3 million
of total revenue for the three months ended June 30, 2015, compared
with a net loss attributable to common shareholders of $1.4 million
on $8.8 million of total revenue for the same period during the
prior year.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to common shareholders of $9,000 on $18.9 million
of total revenue compared to a net loss attributable to common
shareholders of $4.4 million on $15.4 million of total revenue for
the same period a year ago.

As of June 30, 2015, the Company had $205.9 million in total
assets, $112.8 million in total liabilities, $28.4 million in
redeemable convertible preferred stock, and $64.6 million in total
stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/jAiIfu

                        About IMH Financial

Scottsdale, Ariz.-based IMH Financial Corporation was formed from
the conversion of IMH Secured Loan Fund, LLC, or the Fund, a
Delaware limited liability company, on June 18, 2010.  The
conversion was effected following a consent solicitation process
pursuant to which approval was obtained from a majority of the
members of the Fund to effect the Conversion Transactions and
involved (i) the conversion of the Fund from a Delaware limited
liability company into a Delaware corporation named IMH Financial
Corporation, and (ii) the acquisition by the Company of all of the
outstanding shares of the manager of the Fund Investors Mortgage
Holdings Inc., or the Manager, as well as all of the outstanding
membership interests of a related entity, IMH Holdings LLC, or
Holdings on June 18, 2010.

IMH Financial reported a net loss attributable to common
shareholders of $39.5 million in 2014, a net loss attributable to
common shareholders of $26.2 million in 2013 and a net loss
attributable to common shareholders of $32.2 million in 2012.


INSITE VISION: Incurs $6.6 Million Net Loss in Second Quarter
-------------------------------------------------------------
Insite Vision Incorporated filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $6.6 million on $392,000 of total revenues for the three months
ended June 30, 2015, compared to net income of $37.1 million on
$6.3 million of total revenues for the same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss of $7.4 million on $3.7 million of total revenues compared to
net income of $32.4 million on $7.5 million of total revenues for
the same period during the prior year.

As of June 30, 2015, the Company had $4.6 million in total assets,
$19.2 million in total liabilities and a $14.6 million total
stockholders' deficit.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/l2NZbS

                          InSite Vision

Based in Alameda, California, InSite Vision Incorporated (OTCBB:
INSV) -- http://www.insitevision.com/-- is committed to
advancing new and superior ophthalmologic products for unmet eye
care needs.  The company's product portfolio utilizes InSite
Vision's proven DuraSite(R) bioadhesive polymer core technology, a
platform that extends the duration of drug retention on the
surface of the eye, thereby reducing frequency of treatment and
improving the efficacy of topically delivered drugs.

Burr Pilger Mayer, Inc., in E. Palo Alto, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company's recurring losses from operations, available cash balance
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.

Insite Vision reported net income of $26.8 million in 2014 compared
to net income of $5.7 million in 2013.


INSITE WIRELESS: Fitch Affirms 'BB-sf' Rating on Class B Notes
--------------------------------------------------------------
Fitch Ratings affirms InSite Wireless Group, LLC's secured cellular
site revenue notes, series 2013-1 as follows:

-- $123.9 million 2013-1 class A at 'BBBsf'; Outlook Stable;
-- $39.6 million 2013-1 class B at 'BB-sf'; Outlook Stable.

Fitch does not rate the $14 million 2013-1 class C notes.

KEY RATING DRIVERS

The affirmations are the result of the cash flow growth since
issuance due to the following: contractual rent bumps; additional
leases; and acquisition of additional tower sites (with associated
tenant leases) via the site acquisition account (prefunding). The
issuer reported net cash flow (NCF) at issuance was $17.3 million,
before taking into account site acquisitions. As of the August 2015
remittance, the reported NCF was $24.5 million, which includes cash
flow from the acquired sites.

As part of Fitch's analysis, Fitch received a June 2015 data file
with site and tenant information. As of the June data file, there
were 632 sites with over 1,570 tenant leases. Telephony/broadband
tenants represented over 70% of the annualized run rate revenue
(ARRR). Fitch modeled similar assumptions regarding the pool as at
issuance. This resulted in a haircut of approximately 10.7% to the
issuer NCF.

The collateral pool contains 16 distributed antennae system (DAS)
networks representing 12.4% of the ARRR. Similar to issuance, Fitch
did not give credit the sites where InSite has a management
contract to manage a DAS network owned by the DAS venue. Fitch
limited modeled proceeds from the DAS networks to the 'BBsf'
category (i.e. applied a 'BBsf' rating cap), based on the
uncertainty surrounding the licensing agreements in a
venue-bankruptcy scenario and the limited history of these
networks.

RATING SENSITIVITIES

The class ratings are expected to remain stable based on expected
cash flow growth due to annual rent escalations, tenant renewals
and acquired sites during the site acquisition period. The ratings
have been capped at 'BBBsf' due to the total leverage of the pool.
Additionally, the possibility for upgrades is limited due to the
allowance for additional notes, the specialized nature of the
collateral and the potential for changes in technology to affect
long-term demand for wireless tower space.

DUE DILIGENCE USAGE

No third-party due diligence was provided or reviewed in relation
to this rating action.


INTERNATIONAL TEXTILE: Posts $4.4 Million Net Income for Q2
-----------------------------------------------------------
International Textile Group, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
net income attributable to common stock of $4.4 million on $157
million of net sales for the three months ended June 30, 2015,
compared to a net loss attributable to common stock of $14.8
million on $156 million of net sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to common stock of $278,000 on $301.4 million of
net sales compared with a net loss attributable to common stock of
$23 million on $300.6 million of net sales for the same period
during the prior year.

As of June 30, 2015, the Company had $325 million in total assets,
$384 million in total liabilities, and a stockholders' deficit of
$59 million.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/DvCFII

                   About International Textile

International Textile Group, Inc., is a global, diversified
textile manufacturer headquartered in Greensboro, North Carolina,
with current operations principally in the United States, China,
Mexico, and Vietnam.  ITG's long-term focus includes the
realization of the benefits of its global expansion, including
reaching full production at ITG facilities in China and Vietnam,
and continuing to seek other strategic growth opportunities.

International Textile reported a net loss attributable to common
stock of $15.4 million on $595 million of net sales for the year
ended Dec. 31, 2014, compared to a net loss attributable to common
stock of $10.9 million on $600 million of net sales in 2013.


INVENTIV HEALTH: Posts $30.2 Million Net Income for 2nd Quarter
---------------------------------------------------------------
Inventiv Health, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to the Company of $30.2 million on $489 million of net
revenues for the three months ended June 30, 2015, compared to a
net loss attributable to the Company of $52.9 million on $449.5
million of net revenues for the same period a year ago.

For the six months ended June 30, 2015, the Company reported a net
loss attributable to the Company of $75.3 million on $1.1 billion
of total revenues compared to a net loss attributable to the
Company of $102 million on $992 million of total revenues for the
same period during the prior year.

As of June 30, 2015, the Company had $2.1 billion in total assets,
$2.8 billion in total liabilities and a stockholders' deficit of
$690 million.

"We finance our operations, growth and business acquisitions with
cash flow from operations and borrowings under our credit
facilities.  Investing activities primarily reflect the costs of
acquisitions and capital expenditures.  As of June 30, 2015 and
December 31, 2014, we had unrestricted cash and cash equivalents of
$51.6 million and $57.1 million, respectively.  As of June 30,
2015, approximately $16.6 million is held by non U.S. subsidiaries
and may be remitted without materially impacting future tax
provisions."

A full-text copy of the Form 10-Q is available for free at:

                      http://is.gd/6O7B8P

inVentiv Health discussed the Company's financial results for the
second quarter of 2015 during a conference call at 1:00 p.m.
Eastern Time on Aug. 17, 2015.  During this conference call, the
Company used a presentation, a copy of which is available for free
at http://is.gd/wxH8hc

                       About inVentiv Health

inVentiv Health, Inc., is privately owned by inVentiv Group
Holdings, Inc., an organization sponsored by affiliates of Thomas
H. Lee Partners, L.P., Liberty Lane Partners and members of the
inVentiv Health management team.

inVentiv Health is a top-tier professional services organization
that accelerates the clinical and commercial success of
biopharmaceutical companies worldwide.  The Company's combined
Clinical Research Organization and Contract Commercial Organization
helps clients improve their performance to deliver much-needed
therapies to market.  With 13,000 employees providing services to
clients in 70 countries, inVentiv Health designs best practices,
processes and systems to enable clients to successfully navigate an
increasingly complex environment.
- See more at:
http://www.inventivhealth.com/our-company/investors#sthash.Oi040G6G.dpuf

                            *   *    *

As reported by the TCR on May 22, 2015, Moody's Investors Service
affirmed the Caa1 Corporate Family Rating and Caa1-PD Probability
of Default Rating of inVentiv Health, Inc. as well as all of the
instrument ratings.  The Caa1 rating reflects inVentiv's very high
leverage, history of negative free cash flow and significant
interest burden which will make a default event likely if the
company does not significantly improve its EBITDA performance well
ahead of 2018, when all of the company's debt matures.

The TCR reported on Dec. 12, 2012, that Standard & Poor's Ratings
Services affirmed its 'B-' corporate credit rating on Burlington,
Mass.-based contract research organization (CRO) inVentiv Health
Inc.


IRONSTONE GROUP: Needs More Time to File Q2 Form 10-Q
-----------------------------------------------------
Ironstone Group, Inc., filed with the U.S. Securities and Exchange

Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2015.  Due to a late private investment valuation update,
further time is required to update the financial statements to
reflect the change, the Company said in the filing.

                       About Ironstone Group

San Francisco, Calif.-based Ironstone Group, Inc., and
subsidiaries have no operations but are seeking appropriate
business combination opportunities.

Ironstone reported a net loss of $259,000 for the year ended
Dec. 31, 2014, compared to a net loss of $170,000 for the year
ended Dec. 31, 2013.

As of March 31, 2015, the Company had $3.06 million in total
assets, $1.82 million in total liabilities, and $1.23 million in
total stockholders' equity.

Burr Pilger Mayer, Inc., in San Francisco, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has recurring net losses and negative cash flows from
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


ISTAR FINANCIAL: Announces Expiration of Tender Offer
-----------------------------------------------------
iStar Financial Inc. filed with the Securities and Exchange
Commission a final amendment to its tender offer statement on
Schedule TO relating to an offer by the Company to holders of
shares of its High Performance Common Stock-Series 1, High
Performance Common Stock-Series 2 and High Performance Common
Stock-Series 3 to exchange their HPU Shares for: (i) the Stock
Consideration, (ii) the Cash Consideration or (iii) a combination
of the Stock Consideration and the Cash Consideration.

The Offer expired at 11:59 p.m., Eastern Time, on Aug. 12, 2015.

A total of 14,887.5 HPU Shares (representing 100% of the
outstanding HPU Shares) were tendered prior to the expiration of
the Offer and accepted for repurchase and paid for by the Company
in accordance with the terms of the Offer.

The Company issued 1,233,978 Common Shares and paid $9,810,562 in
cash to holders on Aug. 13, 2015, pursuant to the Offer.  The
Common Shares were issued in reliance on the exemption from
registration provided by Section 3(a)(9) under the Securities Act
of 1933, as amended.  No commission or other remuneration was paid
by the Company or given directly or indirectly by the Company in
connection with the Offer.

                        About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

iStar Financial reported a net loss allocable to common
shareholders of $33.72 million in 2014, a net loss allocable to
common shareholders of $155.76 million in 2013 and a net loss
allocable to common shareholders of $272.99 million in 2012.

As of June 30, 2015, iStar Financial had $5.6 billion in total
assets, $4.4 billion in total liabilities, $12.6 million in
redeemable noncontrolling interests, and $1.1 billion in total
equity.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


JOE'S JEANS: Fireman Capital Reports 7.3% Stake as of Aug. 10
-------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Fireman Capital CPF Hudson Co-Invest LP and
Daniel Fireman disclosed that as of Aug. 10, 2015, they
beneficially owned 5,561,274 shares of common stock of
Joe's Jeans Inc., which represents 7.36 percent of the shares
outstanding.

The Reporting Persons and Peter Kim, the chief executive of the
Issuer's wholly owned subsidiary, Hudson Clothing, LLC, may be
deemed to constitute a "group" within the meaning of Section
13(d)(3) of the Securities and Exchange Act of 1934, as amended.

Pursuant to the Stock Purchase Agreement, dated as of July 15,
2013, and amended as of Sept. 30, 2013, by and among the Issuer,
Hudson Clothing Holdings, Inc., Fireman, Mr. Kim and other parties,
the Issuer purchased all of the outstanding equity interests of
Hudson Holdings from Fireman and the other holders of equity
interests in Hudson Holdings.  Under the Stock Purchase Agreement,
Fireman was issued the Subordinated Convertible Note, dated as of
Sept. 30, 2013, in the principal amount of $9,560,048. Since the
issuance of the Subordinated Convertible Note, the Issuer had, as
of Aug. 10, 2015, paid interest in the form of PIK Interest in the
approximate amount of $339,018 for aggregate principal amount due
on the Subordinated Convertible Note, as of Aug. 10, 2015, of
approximately $9,899,068.

A full-text copy of the regulatory filing is available at:

                      http://is.gd/ehJloq

                       About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces  

and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due
to debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million
of net sales for the fiscal year ended Nov. 30, 2014, compared with
a net loss of $7.31 million on $140 million of net sales in 2013.

As of Feb. 28, 2015, Joe's Jeans had $185 million in total assets,
$165 million in total liabilities and $20 million in total
stockholders' equity.

The Troubled Company Reporter, on June 9, 2015, reported that Joe's
Jeans received a letter on May 29, 2015, from The Nasdaq Stock
Market indicating that the Company had received an additional 180
days, or until Nov. 23, 2015, to regain compliance with Nasdaq
Listing Rule 5550(a)(2) by maintaining a closing bid price per
share of its common stock at $1.00 per share or more for a minimum
of 10 consecutive trading days.


JOE'S JEANS: Peter Kim Reports 10.6% Stake as of Aug. 2
-------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Peter Kim disclosed that as of Aug. 2, 2015, he
beneficially owned 8,321,585 shares of common stock of
Joe's Jeans Inc., which represents 10.6 percent of the shares
outstanding.  The amount cnsists of 8,321,585 shares of Common
Stock issuable upon conversion of the Subordinated Convertible
Note, which will become convertible on September 30, 2015.

Mr. Kim founded Hudson Clothing, a subsidiary of the Issuer, in
2002 and serves as Hudson Clothing's chief executive officer.  Mr.
Kim acquired the Subordinated Convertible Note in September 2013
for investment purposes pursuant to the Stock Purchase Agreement
pursuant to which he, together with the other holders of equity
interests in Hudson Clothing, sold their interests in Hudson
Holding to the Issuer.  The Subordinated Convertible Note becomes
convertible beginning Sept. 30, 2015, and ending March 31, 2019,
into shares of Common Stock, cash, or a combination of cash and
Common Stock, at the Issuer's election.  The Issuer would not
currently be able to elect a conversion settlement other than in
shares of Common Stock.

In November 2014 and subsequently, the Issuer announced that it had
received notices of default under its senior credit agreements.  In
February 2015, Mr. Kim retained, and publicly announced that he had
retained, B. Riley & Co., LLC as financial advisor (in which
engagement Fireman subsequently joined) and Sullivan & Cromwell LLP
as legal advisor to assist him in an analysis of his alternatives.
At the same time, Mr. Kim announced his resignation from the board
of directors of the Issuer.

In February 2015, the Issuer publicly disclosed that it had engaged
Carl Marks Advisory Group to assist the Issuer's board of directors
in its exploration of strategic and financing alternatives to
resolve the Issuer's outstanding events of default with its lenders
under its senior credit agreements.  Mr. Kim, together with
Fireman, is currently in discussions with the Issuer and a third
party concerning the treatment of the subordinated convertible
notes of the Issuer, including the Subordinated Convertible Note,
in connection with a potential transaction that is being discussed
by the Issuer and the third party, which could result in the
acquisition by Mr. Kim of shares of Common Stock and the
appointment of Mr. Kim to the Issuer' board. Mr. Kim intends to
continue to discuss these matters with the third party, the Issuer
and Fireman.  However, there can be no assurance that the parties
will enter into definitive agreements with respect to any such
transaction or, if the parties do enter into definitive agreements,
that any such transaction will be completed.

A copy of the regulatory filing is available for free at:

                        http://is.gd/rbOu6J

                         About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces  

and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due
to debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million
of net sales for the fiscal year ended Nov. 30, 2014, compared with
a net loss of $7.31 million on $140 million of net sales in 2013.

As of Feb. 28, 2015, Joe's Jeans had $185 million in total assets,
$165 million in total liabilities and $20 million in total
stockholders' equity.

The Troubled Company Reporter, on June 9, 2015, reported that Joe's
Jeans received a letter on May 29, 2015, from The Nasdaq Stock
Market indicating that the Company had received an additional 180
days, or until Nov. 23, 2015, to regain compliance with Nasdaq
Listing Rule 5550(a)(2) by maintaining a closing bid price per
share of its common stock at $1.00 per share or more for a minimum
of 10 consecutive trading days.


LELAND HOLDINGS: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Leland Holdings, LLC
        1720 Dell Cove Drive
        Fort Wayne, IN 46804

Case No.: 15-11936

Chapter 11 Petition Date: August 14, 2015

Court: United States Bankruptcy Court
       Northern District of Indiana (Fort Wayne Division)

Judge: Hon. Robert E. Grant

Debtor's Counsel: Robert L Nicholson(BW), Esq.
                  CARSON BOXBERGER LLP
                  301 W. Jefferson Blvd., Suite 200
                  Fort Wayne, IN 46802
                  Tel: 260-423-9411
                  Email: nicholson@carsonboxberger.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Ray C. Collins, managing member.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.


MALIBU ASSOCIATES: Slams US Bank's Bid To Toss It Into Ch. 7
------------------------------------------------------------
Law360 reported that the owners of the Malibu Golf Club urged a
California bankruptcy judge to deny the U.S. Bank N.A.'s motion to
convert the club's Chapter 11 proceedings to Chapter 7, arguing the
property's value has increased even though the bank claims
otherwise.

According to the report, U.S. Bank alleges its interest in more
than $47.7 million in secured liabilities claimed by Malibu
Associates LLC in March is not adequately protected, saying the
fair market value of the property is declining.

                     About Malibu Associates

Headquartered in Malibu, California, Malibu Associates, LLC, owns
the Malibu Golf Club.  The club has a restaurant and clubhouse, in
addition to an 18-hole golf course, on its 650-acre property in the
Santa Monica Mountains.

Malibu Associates sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 15-10477) in Santa Barbara, California, on March 10,
2015, disclosing $76.2 million in total assets and $47.8 million in
total liabilities.  Thomas Hix, managing member of the Debtor,
signed the bankruptcy petition.

The Debtor owns real property located at 901 Encinal Canyon Road,
Malibu, California.  The property secures a $46.8 million debt to
U.S. Bank, National Association, which is secured by a first deed
of trust on the property.  The Los Angeles County Treasurer and
Tax Collector is also owed $459,800, secured by a tax lien on the
property.

The case is assigned to Judge Deborah J. Saltzman.  David L.
Neale, Esq., at Levene Neale Bender Rankin & Brill LLP, in Los
Angeles, serves as counsel to the Debtor.

The Debtor previously sought bankruptcy protection on Nov. 3, 2009,
in the Central District of California, San Fernando Valley Division
(Case No. No. 9-24625).   That case was assigned to the Honorable
Maureen A. Tighe, but was later dismissed.  The real property in
Malibu was included in the prior filing.



MEDIACOM COMMUNICATIONS: Moody's Retains Ba3 Corp. Family Rating
----------------------------------------------------------------
Moody's Investors Service says Mediacom Communications Corporation,
through its subsidiaries Mediacom Broadband LLC and Mediacom LLC,
announced an increase in their respective revolving credit
facilities of $25 million each.  The transaction adds revolver
capacity but does not change the company's overall Speculative
Grade Liquidity score of SGL-2 or its Ba3 Corporate Family Rating
or stable outlook.


MEGA POWER: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Mega Power, Inc.
        P. O. Box 38
        Hickory, KY 42051

Case No.: 15-50461

Chapter 11 Petition Date: August 14, 2015

Court: United States Bankruptcy Court
       Western District of Kentucky (Paducah)

Judge: Hon. Thomas H. Fulton

Debtor's Counsel: Todd A. Farmer, Esq.
                  FARMER & WRIGHT, PLLC
                  4975 Alben Barkley Drive, Suite 1
                  PO Box 7766
                  Paducah, KY 42002-7766
                  270-443-4431
                  Fax: 270-443-4631
                  Email: todd@farmerwright.com

Total Assets: $1.2 million

Total Liabilities: $4.5 million

The petition was signed by John Allen, CEO.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/kywb15-50461.pdf


MICROBILT CORP: Takes Maselli Warren Fee Fight to Supreme Court
---------------------------------------------------------------
Law360 reported that a reorganized consumer data company is
pressing the U.S. Supreme Court to take up its challenge to $74,000
in legal fees sought by Maselli Warren PC and find that notice
requirements in New Jersey for law firms looking to recoup fees
also apply to bankruptcy claims.

According to the report, MicroBilt Corp. is hoping the high court
will topple district court and Third Circuit decisions backing fees
to Maselli Warren for its work both before and after the company
entered Chapter 11.

                   About MicroBilt Corporation

MicroBilt Corporation in Princeton, New Jersey, and CL Verify LLC
in Tampa, Florida, offer small business owner solutions for fraud
prevention, consumer financing, debt collection, skip tracing and
background screening.  MicroBilt provides access to over 3 billion
debit account records, nearly 30 billion pieces of demographic and
public record data and over 100 million unique consumer records to
prevent identity fraud, evaluate credit risk and retain customer
relationships.

MicroBilt and CL Verify filed for Chapter 11 five days apart:
MicroBilt (Bankr. D.N.J. Case No. 11-18143) on March 18, 2011,
and CL Verify (Bankr. D.N.J. Case No. 11-18715) on March 23,
2011.  The Debtors tapped Lowenstein Sandler PC as their counsel,
and Maselli Warren, PC, as their special litigation counsel.

MicroBilt estimated $10 million to $50 million in both assets and
debts.  CL Verify estimated $100 million to $500 million in
assets, but under $1 million in debts.  Court papers say the
Debtors have roughly $8.4 million in unsecured debt and no secured
debt.  The Debtors believe they have an enterprise value of
$150 million to $180 million.

No trustee, examiner or committee has been requested or appointed
in the Chapter 11 cases.

In January 2013, the Debtors obtained confirmation of their Fourth
Amended Plan of Reorganization, as revised, which provides
for payment in full all claims, including $4.30 million of
unsecured claims.  Holders of Microbilt equity interests are
unimpaired.  MicroBilt, the sole holder of CL Verify equity
interests, won't recover anything on account of the interest.


MIDWEST FAMILY: Moody's Affirms Ba1 Rating on Class II 2006A Bonds
------------------------------------------------------------------
Moody's Investors Service has affirmed at Baa1 Class I; Ba1 Class
II; B1 on Class III & Class IV, the ratings on Midwest Family
Housing LLC (IL) Military Housing Taxable Revenue Bonds (Navy
Midwest Housing Privatization Project) 2006 Series A.  The outlook
remains negative.

SUMMARY RATING RATIONALE

The affirmations are based on adequate financial performance (on
Class I & II tranches) of the project despite decreases in debt
service coverage for the various classes of debt that are due in
part to current increases in the project's expenses.  Any
shortfalls in debt service coverage would be covered by excess
funds available.

OUTLOOK:

The outlook on the ratings remains negative for all Classes of
Bonds, reflecting the current declines in the project's financial
performance.

WHAT COULD CHANGE THE RATING UP

Steady and sustained increases in the financial performance of the
project and evidenced by increases in the debt service coverage
ratio for all Classes.

In addition, certain types of restructuring may be view as credit
positives.  These include cash funding of the debt service reserve
funds at maximum annual debt service, replacement of the existing
surety provider with an appropriately rated provider or an upgrade
of the current surety provider.

WHAT COULD CHANGE THE RATING DOWN

A significant decline in BAH or occupancy levels that results in a
decline in debt service coverage could adversely affect the
ratings.

OBLIGOR PROFILE

The borrower Midwest Family Housing LLC was formed as a limited
liability company in 2006.  The managing member is Midwest Military
Communities, LLV.

The project was undertaken in conjunction with the Navy.  This
transaction was structured with four classes of debt in 2006.
Revenues consist primarily of basic allowance for housing (BAH)
payments which have been allotted to military personnel occupying
the housing units and is a key factor to the rating outcome.

The Navy leased the land for the Project to the Issuer pursuant to
a 50 year ground lease, and the Issuer owns title to the Project
improvements.

LEGAL SECURITY

The Bonds are limited obligations of the Issuer, Midwest Family
Housing LLC, secured solely by the revenues and assets pledged to
Indenture, including a first lien deed of trust on the leasehold
and certain revenues generated by operation of the residential
housing development which are deposited directly with the Trustee.

USE OF PROCEEDS

The Bonds were issued to fund the costs associated with the design,
demolition and construction of military multifamily housing at the
various sites that comprise Navy Great Lakes, Illinois; NSA Crane
in Indiana and Navy Mid-South in Tennessee.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Global Housing
Projects published in July 2010.



MILESTONE SCIENTIFIC: Incurs $2.1 Million Net Loss in 2nd Quarter
-----------------------------------------------------------------
Milestone Scientific Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.1 million on $1.7 million of net product sales for the three
months ended June 30, 2015, compared to a net loss of $169,000 on
$2.5 million of net product sales for the same period during the
prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.5 million on $4.5 million of net product sales compared
to net income of $25,400 on $5.1 million of net product sales for
the same period in 2014.

As of June 30, 2015, the Company had $15.3 million in total assets,
$1.9 million in total liabilities, all current, and $13.4 million
in total equity.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/EkTfX4

                    About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

The Company reported a net loss attributable to the Company of $1.7
million on $10.33 million of net product sales for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $1.46 million on $10.01 million of net product sales for the
year ended Dec. 31, 2013.


MINT LEASING: Appoints Todd Bartlett Chief Financial Officer
------------------------------------------------------------
The Board of Directors of The Mint Leasing, Inc., consisting solely
of Jerry Parish, the Company's chief executive officer, appointed
Todd Bartlett as chief financial officer (principal
financial/accounting officer) of the Company.

Todd Bartlett, age 50, has more than 25 years of business
experience with over 18 years' experience as a director/officer.
Mr. Bartlett has an outstanding record in strategic/business
planning, cost reduction, internal controls and Securities and
Exchange Commission compliance.  He has a strong background in
mergers/acquisitions, corporate turn-around, auditing, fraud
investigation and bankruptcy.  Mr. Bartlett received his Bachelor
of Arts in economics from the University of Michigan, his Masters
of Business Administration in Finance from the University of
Detroit, is a Certified Public Accountant (CPA), licensed in the
state of Michigan and is a member of the American Institute of CPAs
(AICPA).

Since June 2012, Mr. Bartlett has been employed by Navigator
Corporate Advisors, LLC located in West Bloomfield, Michigan, where
he provides chief financial officer consulting services to various
companies.  From January 2011 to June 2012, Mr. Bartlett served as
the chief financial officer of Rex Materials Group, Inc., a
privately held manufacturer of heat containment products.  From
October 2007 to July 2010, Mr. Bartlett served as the chief
financial officer of Viridian Systems, LLC (the successor to W.P.
Hickman Systems, which he served as the chief financial officer and
Director of) located in Tallmadge, Ohio, a privately held
manufacturer of commercial roofing materials.  From 2004 to 2007,
Mr. Bartlett served as senior commercial auditor of Robert Bosch
Corp. located in Farmington Hills, Michigan.  Prior to 2004, he
served as chief financial officer, controller and consultant to
various other companies in varying fields.

                        About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of March 31, 2015, the Company had $14.3 million in total
assets, $13.2 million in total liabilities and $1.08 million in
total stockholders' equity.


MINT LEASING: Needs More Time to File Q2 Form 10-Q
--------------------------------------------------
The Mint Leasing, Inc., notified the Securities and Exchange
Commission that it has experienced delays in completing its
financial statements for the fiscal quarter ended June 30, 2015,
because the auditors have not had sufficient time to conduct their
review of the financial statements.  As a result, the Company is
delayed in filing its Quarterly Report for that period.

                        About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of March 31, 2015, the Company had $14.3 million in total
assets, $13.2 million in total liabilities and $1.08 million in
total stockholders' equity.


MISSISSIPPI POWER: Moody's Lowers Rating on Preferred Stock to Ba1
------------------------------------------------------------------
Moody's Investors Service downgraded Mississippi Power Company's
senior unsecured rating to Baa2 from Baa1 and its preferred stock
rating to Ba1 from Baa3.  The rating outlook is negative.  This
rating action concludes the review of Mississippi Power's rating
initiated on May 27, 2015.  Moody's affirmed the ratings of The
Southern Company (Southern, Baa1 senior unsecured) with a stable
outlook.

Ratings Rationale

"The downgrade of Mississippi Power's ratings reflects the lack of
permanent cost recovery provisions in place for the Kemper IGCC
plant since the Mississippi Supreme Court invalidated the utility's
2013 rate plan earlier this year," said Michael G. Haggarty,
Associate Managing Director.  "The downgrade also considers the
increased concentration risk, financial exposure and liquidity
pressure on the utility following the exit of its electric
cooperative utility partner from a planned 15% ownership in the
Kemper plant," added Haggarty.

Although the Mississippi Public Service Commission (MPSC) approved
interim rates by a two to one margin yesterday, providing the
utility with some limited, potentially refundable rate relief on
the plant's in-service assets and averting a potentially more
negative rating action, there is still no permanent cost recovery
plan in place for the Kemper plant.  The lack of a unanimous
decision on a utility's appeal for emergency financial relief is a
particular credit concern.  In addition, some interveners may
challenge the approval of these interim rates.

The negative outlook reflects the financial uncertainty still
facing Mississippi Power as it strives to obtain permanent rate
relief on the Kemper plant with only two of the three commissioners
supportive.  Under a scheduling order issued by the MPSC earlier
this week, hearings on designating these interim rates as
permanent, including determining the prudency of the costs incurred
for the in-service assets, are scheduled for November with a final
order to be issued by Dec. 8, 2015.

Near-term approval of some permanent rate relief on the Kemper
plant has become all the more important because of the upcoming
change in the composition of the MPSC on 1 January 2016 following
elections this November.  Several of the candidates running for the
MPSC have voiced their opposition to the Kemper plant, as well as
for the rate increases necessary for the utility recover the costs
incurred under the MPSC's previously established construction cost
cap.  A less credit supportive regulatory commission in place
without some permanent rates in effect will likely lead to a
further rating downgrade.

The negative outlook also reflects Mississippi Power's constrained
liquidity position and high reliance on parent company Southern for
liquidity support.  As a result of the Supreme Court decision, the
MPSC ordered the utility to stop collecting the rates that had been
in place since 2013 and to submit a plan for refunding those
amounts already collected.  The approximately $350 million of
refunds will put additional stress on Mississippi Power's cash flow
coverage metrics and increase its reliance on the Southern parent
company for intercompany loans and other financial support.

Mississippi Power already borrowed $301 million from Southern in
June through an 18-month promissory note to fund the return of the
deposit to South Mississippi Electric, its former 15% partner in
the Kemper project.  For external financing, the utility is relying
almost exclusively on short-term bank term loans ($900 million due
April 1, 2016) in anticipation of a potential securitization of a
portion of the Kemper costs, approval of which is by no means
assured.

The Kemper project continues to be affected by schedule delays and
cost increases and Mississippi Power now expects the plant to begin
commercial operation during the first half of 2016. Construction of
the plant is complete and its combined cycle has been in-service
since Aug. 9, 2014.

Although the utility fired its first gasifier in the first quarter
of 2015, it recently communicated a new delay in the first syngas
production to the fourth quarter of 2015 from the third quarter as
it tests sand in the gasifier before introducing lignite.  Monthly
status reports to the MPSC over the second quarter of 2015 indicate
that plant costs have continued to rise, albeit at much lower
levels than previously, increasing by $4 million in April, $10
million in May, and $9 million in June.

What Could Change the Rating - Up

An upgrade of Mississippi Power is highly unlikely while there are
no permanent cost recovery provisions in place and while the
utility is midst of completing and testing the Kemper plant.
Ratings could only be upgraded if there is an MPSC approved plan
for the ultimate recovery of costs up to the current $2.88 billion
regulatory approved cap, if the MPSC remains credit supportive
following the election of new commissioners this November, and if
the utility successfully executes an anticipated lengthy start-up
and testing phase.  Any upgrade would also be predicated on an
improvement in credit metrics to levels more commensurate with a
high Baa ratings, including CFO pre-working capital to debt of at
least 20% on a sustained basis.

What Could Change the Rating - Down

A downgrade of Mississippi Power could occur if there is no near
term approval by the MPSC on a permanent cost recovery plan for
Kemper; if recently approved interim rates are invalidated or
rolled back for any reason; if there is a less credit supportive
regulatory commission elected in November; if there are additional
material delays, cost increases, or other problems associated with
the plant; if parent company financial and liquidity support for
the utility becomes uncertain and/or Southern's commitment to the
project or Mississippi Power diminishes; or if Mississippi Power's
CFO pre-working capital to debt falls below 15% for a sustained
period.

The affirmation of the ratings of Southern considers the large and
diverse nature of its sources of cash flow, with three of its other
major operating subsidiaries, Alabama Power Company (A1 senior
unsecured, stable), Gulf Power Company (A2 senior unsecured,
stable), and Southern Power Company (Baa1 senior unsecured,
stable), all maintaining stable rating outlooks. Although
Southern's largest utility, subsidiary Georgia Power (A3 senior
unsecured, stable) has experienced cost increases and delays at its
Vogtle new nuclear project that have weakened its relative position
at the A3 rating level, Moody's affirmed its rating and stable
outlook in February 2015 upon its announcement of additional
schedule delays.  The size and importance of Georgia Power and the
Vogtle nuclear project make them a much more important driver of
the parent company's consolidated credit profile and credit
rating.

Although issues associated with both the Vogtle and Kemper projects
have weakened Southern's relative position at the Baa1 rating
level, the stable rating outlook on the company reflects our view
that most of its utility regulatory environments remain credit
supportive.  Mississippi Power is a relatively small subsidiary
that provided approximately 10% of the consolidated company's cash
from operations in 2014.  Southern's rating is more likely to be
negatively affected if one of its two largest subsidiaries, Alabama
Power or Georgia Power, is downgraded; if there are significant
additional delays or cost overruns on the Vogtle nuclear plant
construction; or if there is significant debt issued at the parent
company level to finance either of these construction projects or
other capital expenditures.

Downgrades:

Issuer: Eutaw (City of) AL, Industrial Dev. Board - (Supported by
Mississippi Power Company)
  Senior Secured Revenue Bonds, Downgraded to Baa2 from Baa1

Issuer: Harrison (County of) MS - (Supported by Mississippi Power
Company)
  Senior Unsecured Revenue Bonds, Downgraded to Baa2 from Baa1

Issuer: Mississippi Business Finance Corporation - (Supported by
Mississippi Power Company)
  Senior Unsecured Revenue Bonds, Downgraded to Baa2 from Baa1

Issuer: Mississippi Power Company
  Issuer Rating, Downgraded to Baa2 from Baa1
  Pref. Stock Shelf, Downgraded to (P)Ba1 from (P)Baa3
  Senior Unsecured Shelf, Downgraded to (P)Baa2 from (P)Baa1
  Subordinated Shelf, Downgraded to (P)Baa3 from (P)Baa2
  Junior Subordinate Shelf, Downgraded to (P)Baa3 from (P)Baa2
  Pref. Stock Preferred Stock, Downgraded to Ba1 from Baa3
  Senior Unsecured Regular Bond/Debenture, Downgraded to Baa2 from

   Baa1

Outlook Actions:

Issuer: Mississippi Power Company
  Outlook, Changed To Negative From Rating Under Review

Issuer: Southern Company (The)
  Outlook, Remains Stable

Affirmations:

Issuer: Southern Company (The)
  Commercial Paper (Local Currency), Affirmed P-2
  Senior Unsecured Shelf, Affirmed (P)Baa1
  Senior Unsecured Bank Credit Facility, Affirmed Baa1

The Southern Company is a utility holding company headquartered in
Atlanta, Georgia and the parent company of utility subsidiaries
Alabama Power Company, Georgia Power Company, Gulf Power Company,
Mississippi Power Company, Southern Electric Generating Company,
wholesale power company Southern Power Company, financing
subsidiary Southern Company Capital Funding, Inc., and commercial
paper issuer Southern Company Funding Corporation.

The principal methodology used in these ratings was Regulated
Electric and Gas Utilities published in Dec. 2013.



MOBIVITY HOLDINGS: Posts $1.3 Million Net Loss for Second Quarter
-----------------------------------------------------------------
Mobivity Holdings Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.3 million on $1.1 million of revenues for the three months
ended June 30, 2015, compared to a net loss of $1.4 million on $1.1
million of revenues for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $3 million on $2 million of revenues compared to a net loss
of $3.2 million on $2 million of revenues for the same period  a
year ago.

As of June 30, 2015, the Company had $8 million in total assets,
$1.7 million in total liabilities and $6.3 million in total
stockholders' equity.

"[W]e believe we have working capital on hand to fund our current
level of operations at least through the end of the year.  However,
there can be no assurance that we will not require additional
capital.  If we require additional capital, we will seek to obtain
additional working capital through the sale of our securities and,
if available, bank lines of credit.  However, there can be no
assurance we will be able to obtain access to capital as and when
needed and, if so, the terms of any available financing may not be
subject to commercially reasonable terms," the Company said in the
report.

A full-text copy of the Form 10-Q is available at:

                        http://is.gd/2BdUjP

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings reported a net loss of $10.4 million in 2014, a
net loss of $16.8 million in 2013, a net loss of $7.33 million in
2012, and a net loss of $16.3 million in 2011.


MOLYCORP INC: Court Approves AlixPartners as Financial Advisor
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Molycorp, Inc., et al., to employ Alixpartners, LLP, as financial
advisor, nunc pro tunc to the Petition Date.

AlixPartners is expected to, among other things:

   a. communicate or negotiate with outside constituents including
the lenders, trade creditors and other case constituents, and their
respective advisors;

   b. prepare for and file a Bankruptcy Petition and necessary
motions required through the proceedings and coordinating and
providing administrative support for such motions and proceedings;
and

   c. develop analyses to satisfy plan requirements, including the
development of a multi-year business plan, a schedule of sources
and uses of proceeds to implement the plan, analyses detailing the
impact of the implementation of the plan on the Company's balance
sheet and the liquidation analysis as well as other schedules and
analyses in support of the company's Plan and Disclosure
Statement.

The financial advisory services provided by AlixPartners will
complement, and not duplicate, the services to be rendered by any
other professional retained in the Chapter 11 cases.

AlixPartners' personnel assigned in the cases are:

                                           Hourly Rate
                                           -----------
         Kenneth Hiltz, managing director     $980
         Keith Verville, director             $800

AlixPartners' current standard hourly rates for 2015, subject to
periodic adjustments, are:

              Title                        Hourly Rate
              -----                        -----------
         Managing Director                $915 – $1,055
         Director                         $695 –   $850
         Vice President                   $510 –   $615
         Associate                        $350 –   $455
         Analyst                          $305 –   $335
         Paraprofessional                 $230 –   $250

AlixPartners received advance retainer payments aggregating to
$1,000,000.  During the ninety days prior to the commencement of
the cases, the Debtors paid AlixPartners a total of $2,012,190,
incurred in providing services to the Debtors in contemplation of,
and in connection with, prepetition restructuring activities.

In addition to compensation for professional services rendered,
AlixPartners will seek reimbursement for reasonable and necessary
expenses incurred in connection with the cases, including
transportation costs, lodging, and meals.

To the best of the Debtors' knowledge, AlixPartners (a) is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare  
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss of
$377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with certain
of its non-operating subsidiaries outside of North America, filed
Chapter 11 voluntary petitions in Delaware (Bankr. D. Del. Lead
Case No. 15-11357) on June 25, 2015, after reaching agreement with
a group of lenders on a financial restructuring.  The Chapter 11
cases of Molycorp and 20 affiliated debts are pending before Judge
Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.



MOLYCORP INC: Wants to Hire Miller Buckfire as Investment Banker
----------------------------------------------------------------
Molycorp, Inc., et al., asked the U.S. Bankruptcy Court for the
District of Delaware for permission to employ Miller Buckfire &
Co., LLC, as investment banker.

Miller Buckfire has worked with the Debtors prepetition, the firm
agreed to render these services:

   a. review and analyze the Debtors' current business plan and
operating budget, including an understanding of requisite capital
expenditure needs to execute the Debtors' business plan;

   b. evaluate the Debtors' liquidity position and assist in
identifying areas and means to improve and preserve the Debtors'
liquidity; and

   c. if the Debtors determine to undertake a restructuring and/or
sale, Miller Buckfire will advise and assist the Debtors in
structuring and effecting the financial aspects of such a
transaction or transactions.

If the Debtors pursue a restructuring, Miller Buckfire has agreed
to:

   i. provide financial advice and assistance to the Debtors in
developing and seeking approval of a restructuring plan;

  ii. if requested by the Debtors, in connection therewith, provide
financial advice and assistance to the Debtors in structuring any
new securities to be issued under the Plan;

iii. if requested by the Debtors, assist the Debtors and
participate in negotiations with entities or groups affected by the
Plan.

If the Debtors pursue a sale, Miller Buckfire has agreed to:

   a. provide financial advice and assistance to the Debtors in
connection with such Sale, identify potential acquirors and, at the
Debtors' request, contact such potential acquirers;

   b. at the Debtors' request, assist the Debtors in preparing a
sale memorandum to be used in soliciting potential acquirors, and
participating in any ratings agency presentations or road-show
presentations, as applicable and appropriate;

   c. at the Debtors' request, prepare an analysis of recovery and
distribution to creditors in support of allocation of the proceeds
of any sale to the specific assets or equity interests being sold.

If the Debtors pursue a financing, Miller Buckfire will, to the
extent requested:

   a. provide financial advice and assistance in structuring and
effecting a financing, identify Investors and contact such
Investors;

   b. if Miller Buckfire and the Debtors deem it advisable, assist
the Debtors in developing and preparing a financing offering
memorandum to be used in soliciting potential Investors; and

   c. assist the Debtors and participate in negotiations with
potential investors.

The Debtors agreed to the fee and expense structure, which may be
summarized as, among other things:

   -- a monthly advisory fee of $175,000;

   -- a restructuring transaction fee of the lesser of $7 million
and 0.5% of restructured principal amount of indebtedness and
related accrued and unpaid interest avoided;

   -- sale transaction fee equal of the lesser of $7 million and 1%
of aggregate consideration;

   -- a financing fee as:

      (1) 1% of the gross proceeds of any DIP or first-lien
          secured financing,

      (2) 3% of the gross proceeds of any other indebtedness
          financing, and

      (3) 5% of the gross proceeds of any other Financing,
          including equity and equity-linked securities and other
          obligations.

The Debtors maintain a $10,000 evergreen expense retainer for
Miller Buckfire.

To the best of the Debtors' knowledge, Miller Buckfire is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                        About Molycorp

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare  
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior manageemnt members are located at its U.S.
corporate headquarters in Greendwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss of
$377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with certain
of its non-operating subsidiaries outside of North America, filed
Chapter 11 voluntary petitions in Delaware (Bankr. D. Del. Lead
Case No. 15-11357) on June 25, 2015, after reaching agreement with
a group of lenders on a financial restructuring.  The Chapter 11
cases of Molycorp and 20 affiliated debts are pending before Judge
Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from the
filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from AlixPartners,
LLP.  Jones Day and Young, Conaway, Stargatt & Taylor LLP act as
legal counsel to the Company in this process.  Prime Clerk serves
as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case of
Molycorp Inc. appointed eight creditors of the company to serve on
the official committee of unsecured creditors.



MONITRONICS INT'L: S&P Revises Outlook to Neg. & Affirms 'B' CCR
----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Dallas-based Monitronics International Inc. to negative
from stable.  At the same time, S&P affirmed all ratings, including
its 'B' corporate credit rating, on the company.

On Aug. 10, 2015, Monitronics reported operating results for the
second quarter ending June 30, 2015.

"The company reported an increase in subscriber account attrition
to 13.4%, from 13.0% in the prior quarter," said Standard & Poor's
credit analyst Kenneth Fleming.

"We now expect attrition to remain at this level for the remainder
of the year, and while this level of attrition is in line with
industry averages, which range from 10% to 14%, Monitronics must
meet an attrition maintenance test as its credit agreement
requires," he added.

This test requires that the company maintain attrition below 15%.
Based on current expectations for attrition, the cushion on this
test will remain around 10% through the end of the year.  Further
increases in attrition would risk a covenant breach and jeopardize
access to a key source of liquidity.

S&P's assessment of Monitronics' business risk profile reflects the
company's position as one of the mid-tier alarm monitoring
companies in North America.

S&P's assessment of Monitronics' financial risk profile reflects
S&P's expectation for adjusted leverage of about 10.7x for the 12
months ending Dec. 31, 2015, up from about 9x at year-end 2014 (our
adjusted leverage differs from reported and covenant leverage).

Monitronics had more than 10% cushion on each of these covenants as
of June, 30, 2015, and S&P projects Monitronics will have greater
than 10% cushion going forward.

The negative outlook on Monitronics reflects the company's
increased expectations for attrition, moderating EBITDA growth, and
cushion below 15% on two of its financial maintenance covenants.

S&P could lower the rating if increasing attrition combined with
higher account-creation costs result in covenant cushion below 15%
on a sustained basis.

S&P could revise the outlook to stable if the company can regain
and maintain above 15% cushion on its covenants.



MOUNTAIN PROVINCE: Incurs C$5.7 Million Net Loss in 2nd Quarter
---------------------------------------------------------------
Mountain Province Diamonds Inc. filed with the Securities and
Exchange Commission its quarterly report disclosing a net loss of
C$5.7 million for the three months ended June 30, 2015, compared to
a net loss of C$1.7 million for the same period during the prior
year.

For the six months ended June 30, 2015, Mountain Province reported
a net loss of C$6.3 million compared to a net loss of C$2.9 million
for the same period a year ago.

As of June 30, 2015, the Company had C$510.3 million in total
assets, C$165.7 million in total liabilities and C$344.6 million in
total shareholders' equity.

A full-text copy of the Quarterly Report is available at:

                       http://is.gd/5x2M2x

                About Mountain Province Diamonds

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province incurred a net loss of C$4.39 million in 2014,  a
net loss of C$26.6 million in 2013 and a net loss of C$3.33 million
in 2012.

KPMG LLP, Toronto, Canada, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company's ability to continue
operations is dependent upon its ability to obtain sufficient
financing to fund its operations and development costs.


NCL CORP: S&P Affirms 'BB-' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed all ratings,
including the 'BB-' corporate credit rating, on NCL Corp. Ltd.  The
rating outlook is stable.

"The affirmation follows a revision in our financial policy
assessment on NCL to 'neutral' from FS-6 following the closing of a
secondary offering of stock that reduced financial sponsors'
ownership in the company to 32.8% from 41.5%," said Standard &
Poor's credit analyst Melissa Long.

The previous FS-6 assessment incorporated both control by a
financial sponsor and S&P's expectation that NCL would sustain
leverage above 5x through the end of 2015, largely as a result of
its 2014 acquisition of Prestige and the addition of new debt from
the expected delivery of Norwegian Escape in the fourth quarter of
2015.  The reassessment to "neutral" reflects S&P's belief that the
sponsor group has reduced its ownership to a level at which it will
no longer exercise control of the company.  Additionally, S&P
expects the composition of NCL's board to change within the next
year such that it will have a majority of independent directors.

The "neutral" assessment also reflects S&P's belief that NCL's
financial policy regarding acquisitions and shareholder returns is
unlikely to meaningfully change leverage compared to S&P's current
base-case forecast.  S&P's current base-case forecast factors in
the impact of last year's leveraging acquisition, additional debt
associated with a new ship delivery later this year, and S&P's view
that NCL will be able to reduce leverage over the next few years as
a result of additional EBITDA from new ship deliveries.

S&P's "satisfactory" business risk assessment factors in NCL's
position as the third-largest cruise operator in the North American
market (behind Carnival Corp. and Royal Caribbean Cruises Ltd.),
multiple brands targeting different price segments, and an
improvement in NCL's ability to internally fund future ship
deliveries as a result of the increased scale following the
Prestige acquisition.  S&P's business risk assessment also takes
into account management's success in executing operating
improvements over the past few years, significant capital
requirements to fund new ship building, an inability to pull back
spending once a ship order is committed, and the cruise industry's
sensitivity to the economic cycle.

S&P's financial risk profile assessment reflects its view that
leverage will be in the high-5x area at the end of 2015 and improve
to the high-4x area by the end of 2016.  S&P believes funds from
operations (FFO) to debt will average at least 15% over the next
two years, and EBITDA coverage of interest will be above 4x through
2016.

The stable rating outlook on NCL reflects S&P's expectation added
capacity from ship deliveries over the next few years will be
successfully absorbed and will enable the company to grow EBITDA
meaningfully and improve leverage.  S&P expects that leverage, pro
forma for the addition of new ships to the fleet over the next
year, will improve to the high-4x area by the end of 2016 from the
high-5x area at the end of 2015.

S&P could lower the rating if the company is unable to absorb new
capacity in the fleet as successfully as S&P currently expects, and
if leverage measures underperform S&P's current expectation.
Specifically, if NCL's leverage increases closer to 6x and S&P do
not see a meaningful path back below 5x over a reasonably short
period of time, S&P would lower ratings.

Leverage comfortably below 5x and FFO to debt in excess of 15%
coupled with continued strong EBITDA coverage of interest could
position NCL to achieve a an improved financial risk assessment to
"aggressive" from "highly leveraged," and a one-notch higher
rating, in S&P's view.  Higher ratings would be contingent upon
S&P's confidence that NCL has successfully integrated the Prestige
acquisition, and that the cruise operating environment remains
strong enough that NCL will be able to absorb future capacity
increases without meaningful deterioration in credit measures.



NEW YORK MILITARY: Court Grants Cornwall Automatic Stay Relief
--------------------------------------------------------------
In the Chapter 11 case of New York Military Academy, Judge Cecelia
G. Morris of the U.S. Bankruptcy Court for the Southern District of
New York granted Cornwall Improvement, LLC's motion for relief from
the automatic stay, with regard to real property located at 78
Academy Avenue, Cornwall on Hudson, New York.

The property is subject to a corrected Judgment of Foreclosure and
sale, dated Feb. 23, 2015, with a balance due of $7,285,503 plus
accruing interest, attorney fees and costs.

Judge Morris agreed to the termination of the automatic stay to
permit Cornwall Improvement to continue the state court foreclosure
proceeding regarding the property.

In line with Landmark Development Partners, LLC's request for the
lifting of the automatic stay conditioned upon Cornwall conducting
a foreclosure sale no earlier than Sept. 17, 2015, Judge Morris
likewise ordered Cornwall to conduct its foreclosure sale no
earlier than the said date.

Landmark Development Partners is represented by:

          Thomas Genova, Esq.
          Andrea B. Malin, Esq.
          GENOVA & MALIN
          Hampton Business Center
          1136 Route 9
          Wappingers Falls, NY 12590
          Telephone: (845)298-1600

New York Military Academy's attorneys can be reached at:

          Lewis D. Wrobel, Esq.
          201 South Avenue, Suite 506
          Poughkeepsie, NY 12601
          Telephone: (845)473-5411

                 About New York Military Academy

New York Military Academy, a private coeducational boarding school,
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
15-35379) on March 3, 2015.  David B. Fields signed the petition as
first vice-president.  The Debtor reported total assets of $10.5
million and total debts of $10.9 million.

Lewis D. Wrobel, Esq., at Lewis D. Wrobel, serves as counsel to the
Debtor.

The U.S. Trustee for Region 2 appointed three unsecured creditors
to serve on the Official Committee of Unsecured Creditors.  The
Committee tapped Steven Jurista, Esq., Wasserman, Jurista & Stolz,
PC, as counsel.



NIRVANA INC: Has Final Authorization to Use Cash Collateral
-----------------------------------------------------------
U.S. Bankruptcy Judge Diane Davis issued a final order authorizing
Nirvana Inc., et al., to use cash collateral in accordance with a
budget and grant adequate protection.

As of the Petition Date, the Debtors are indebted to secured
creditors NBT Bank, the U.S. Small Business Administration, through
the Empire State Certified Development Corp. ("ESCDC/SBA"), the New
York State Business Development Corporation ("NYBDC"), the
Statewide Zone Capital Corporation of New York ("SZCC"), Northeast
Bank/United States Department of Agriculture ("NEB/USDA") and
Comsource, Inc., in the aggregate principal amount of $27,204,092.
The Lenders' perfected security interests and liens cover
substantially all of the Debtors' assets, including accounts
receivable and cash.

As of the Petition Date, the Debtors have very little or no
unencumbered cash that can be used to fund their business
operations and pay operating expenses.  Absent the ability to use
cash collateral, the Debtors say they will not be able to pay
insurance, wages, utility charges, and other critical operating
expenses.

In order to adequately protect the Prepetition Secured Lenders'
interest in the cash collateral, the Debtors will grant to each of
the lenders, in accordance with their relative priority, adequate
protection rollover liens, subject to a carve-out, to secure their
adequate protection obligations.

The U.S. Trustee earlier filed a response to cash collateral motion
saying that it does not consent to the Proposed Final Order in its
current form.   The U.S. Trustee objected to the language in the
proposed Order relative to claims and defenses in that it impairs
the Debtors' ability to satisfy their fiduciary obligation to act
in the best interest of the estates.

The U.S. Trustee also pointed out that that the Final Order
provides for waivers of Sections 506(c) and 552(b) of the
Bankruptcy Code.  According to the U.S. Trustee, under the facts
and circumstances of the cases, there is no question that the
secured creditors will be the sole beneficiaries of the liquidation
of estate assets.  A waiver of Section 506(c) would eliminate the
chance of any meaningful recovery to unsecured creditors and
guarantee that the costs of the reorganization will be borne by the
unsecured creditors alone, the U.S. Trustee asserted.

Moreover, the U.S. Trustee noted that there is also no carve-out
for a Chapter 7 Trustee.  In the event the cases are converted to
chapter 7, a Chapter 7 Trustee and his or her professionals should
have sufficient funds available for the administration of the
cases.  

                         About Nirvana Inc.

Nirvana Inc. is a manufacturer and bottler of spring water that is
captured from four natural springs on 1,600 acres of
property located in the foothills of the Adirondack Mountains at
Forestport, New York. Nirvana says its water is exceptionally pure
and flows naturally to the surface at a temperature of 42 degrees
Fahrenheit.  

Nirvana is a closely-held New York corporation with a
principal office located at One Nirvana Plaza, Forestport, New
York. Nirvana was formed on June 2, 1995 by Mozafar Rafizadeh and
his brother, Mansur Rafizadeh.  

Nirvana, Inc., and three affiliates -- Nirvana Transport,
Inc., Nirvana Warehousing, Inc. and Millers Wood Development
Corp. -- sought Chapter 11 bankruptcy protection (Bankr. N.D.N.Y.
Lead Case No. 15-60823) in Utica, New York, on June 3, 2015. The
cases are assigned to Judge Diane Davis.  

According to the docket, the Debtors' Chapter 11 plan
and disclosure statement are due Oct. 1, 2015. The deadline
for filing claims by governmental units is Nov. 30, 2015.  

The Debtors tapped Bond, Schoeneck & King, PLLC, as
general counsel, and Teitelbaum & Baskin, LLC, as special
counsel.



OPTIM ENERGY: Blackstone Faces Hurdles in Appealing Plan
--------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that an affiliate of Blackstone Energy Partners LP is taking an
appeal that raises the question of whether it's an "aggrieved
party" with the right to challenge the July 30 approval of Optim
Energy LLC's Chapter 11 reorganization.

According to Mr. Rochelle, Blackstone would have faced even greater
hurdles were it not for a ruling last month in a different case by
the U.S. Court of Appeals in Philadelphia, which has authority over
bankruptcies in Delaware, where Optim is reorganizing.  In
substance, Optim's plan allows Cascade Investment LLC, controlled
by Microsoft Corp. co-founder Bill Gates, to retain ownership
through conversion of debt to equity.  Blackstone faulted the plan
for paying only 95 percent of unsecured creditors' claims when full
payment would have cost only $2,600 more, the report related.
Although he refused to hold up implementation of the plan while the
Blackstone affiliate appeals, U.S. Bankruptcy Judge Brendan Shannon
did give the affiliate a larger window for going to district court,
the report related.

Judge Shannon allowed Blackstone until Aug. 20 to get a stay
pending appeal and bar Optim from implementing the plan, the report
said.

                       About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cedar
Bayou plants are fueled by natural gas, and the third is
coal-fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

The Debtors' attorneys can be reahed at:

         MORRIS, NICHOLS, ARSHT & TUNNELL LLP
         Robert J. Dehney, Esq.
         Eric D. Schwartz, Esq.
         Erin R. Fay, Esq.
         1201 North Market Street, 16th Floor
         P.O. Box 1347
         Wilmington, DE 19899
         Tel: (302) 658-9200
         Fax: (302) 658-3989
         E-mail: rdehney@mnat.com
                 eschwartz@mnat.com
                 efay@mnat.com

Optim Energy, LLC scheduled $6.95 million in assets and $717
million in liabilities.  Optim Energy Cedar Bayou 4, LLC,
disclosed
$184 million in assets and $718 million in liabilities as of the
Chapter 11 filing.  The Debtors have $713 million of outstanding
principal indebtedness.

The U.S. Trustee for Region 3 was unable to appoint an official
committee of unsecured creditors in the Debtors' cases.

Walnut Creek is represented by Michael W. Yurkewicz, Esq., at
Klehr
Harrisison Harvey Branzburg LLP, in Wilmington, Delaware; Paul M.
Basta, P.C., Esq., Joshua A. Sussberg, P.C., Esq., and Matthew
Kapitanyan, Esq., at Kirkland & Ellis LLP, in New York; and James
A. Stempel, Esq., at Kirkland & Ellis LLP, in Chicago, Illinois.

Cascade Investment, L.L.C., and ECJV Holdings are represented by
Margaret Whiteman Greecher, Esq., Pauline K. Morgan, Esq., and
Patrick A. Jackson, Esq., at Young Conaway Stargatt & Taylor LLP,
in Wilmington, Delaware; and Lindsee P. Granfield, Esq., and Jane
VanLare, Esq., at Cleary Gottlieb Steen & Hamilton LLP, in New
York.

                            *     *     *

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on July 30, 2015, issued a findings of fact,
conclusions of law and order confirming the Third Amended Joint
Plan of Reorganization of Optim Energy Altura Cogen, LLC, and
Optim
Energy Cedar Bayou 4, LLC.

The Reorganizing Debtors owned interests in and operated, in whole
or in part, three power plants in eastern Texas -- one coal-fired
power plant (the Twin Oaks Plant) and two gas-fired power plants
(the Altura Cogen Plant and the Cedar Bayou Plant).

Judge Shannon, on May 19, approved the Disclosure Statement
explaining the Reorganization Plan, which provides that holders of
Allowed General Unsecured Claims are being offered Cash equal to
75% of their Allowed Claims if the Class of Claims accepts the
applicable Subplan, and an additional 20% in Cash for any holders
that do not opt out of the release contained in Section 10.03 of
the Third Amended Plan.  The potential for 25% impairment cannot
be
characterized as artificial.  There are approximately 60 to 70
holders of General Unsecured Claims against Altura Cogen (totaling
approximately $800,000 to $900,000) and two holders of General
Unsecured Claims against Cedar Bayou (totaling approximately
$400,000 to $500,000). Each Estate has non-insider creditor
classes.


OPTIMUMBANK HOLDINGS: Reports $6,000 Net Earnings for 2nd Quarter
-----------------------------------------------------------------
OptimumBank Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net
earnings of $6,000 on $1.1 million of total interest income for the
three months ended June 30, 2015, compared to net earnings of $1.3
million on $1.8 million of total interest income for the same
period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $176,000 on $2.2 million of total interest income compared
to net earnings of $1.6 million on $3 million of total interest
income for the same period in 2014.

As of June 30, 2015, the Company had $132.6 million in total
assets, $129.7 million in total liabilities and $2.9 million in
total stockholders' equity.

A full-text copy of the Form 10-Q is available for free at:

                        http://is.gd/BM5eMq

                     About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale,
Fla., is a one-bank holding company and owns 100 percent of
OptimumBank, a state (Florida)-chartered commercial bank.

The Company offers a wide array of lending and retail banking
products to individuals and businesses in Broward, Miami-Dade and
Palm Beach Counties through its executive offices and three branch
offices in Broward County, Florida.

Optimumbank reported net earnings of $1.6 million on $5.39 million
of total interest income for the year ended Dec. 31, 2014, compared
to a net loss of $7.07 million on $5.28 million of total interest
income for the year ended Dec. 31, 2013.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014.  The independent
auditors noted that the Company is in technical default with
respect to its Junior Subordinated Debenture.  The holders of the
Debt Securities could demand immediate payment of the outstanding
debt of $5,155,000 and accrued and unpaid interest, which raises
substantial doubt about the Company's ability to continue as a
going concern.

Effective April 16, 2010, the Bank consented to the issuance of a
consent order by the Federal Deposit Insurance Corporation and the
Florida Office of Financial Regulation.


PALM DRIVE: S&P Withdraws 'BB' Longterm Rating, Off Watch Negative
------------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'BB' long-term
rating on Palm Drive Health Care District, Calif.'s parcel tax
revenue debt (various issuers).  At the same time, Standard &
Poor's Ratings Services removed the rating from CreditWatch, where
it had been placed with negative implications on July 29, 2015.
This action follows repeated attempts by Standard & Poor's to
obtain timely information of satisfactory quality to maintain its
rating on the securities in accordance with its applicable criteria
and policies.  The withdrawal of this rating was preceded, in
accordance with Palm Drive policies, by any change to the rating
that S&P considered appropriate given available information.


PARKVIEW ADVENTIST: Court Denies Bid to Use Cash Collateral
-----------------------------------------------------------
Judge Peter G. Cary of the U.S. Bankruptcy Court for the District
of Maine denied Parkview Adventist Medical Center's request for
authority to use cash collateral securing its prepetition
indebtedness.

Central Maine Healthcare Corporation objected to the Debtor's cash
collateral use request and filed a motion in limine to exclude
evidence and argument.  In its objection, CMHC asserted that its
holds a valid and perfected security interest in the Debtor's Cash
Collateral, that it did not consent to use of the Debtor's Cash
Collateral use, and that the Debtor had failed to demonstrate that
CMHC's interest in the Debtor's Cash Collateral can be "adequately
protected."  CMHC, in a supplemental objection, contended that a
challenge to the validity of CMHC's lien must be made in an
adversary proceeding.

The Debtor, in response, argued that CMHC misconstrues the nature
of the contested matter and the applicable procedural rules  and
failed to provide an adequately-prepared deponent.  As a remedy,
the Debtors asked the court to (i) prohibit CMHC from denying
control at the time of the 2008 Transaction; (ii) order CMHC to
properly designate a witness, allowing Parkview to examine such
witness; (iii) order that CMHC in fact had control at the time of
the 2008 Transaction and void any lien that it may have in accounts
and proceeds thereof -- essentially Cash Collateral.

CMCH counter argues that the Debtor's assets are fully encumbered
and thus there are no assets available to provide CMHC with
additional replacement liens.  The Debtor is simply unable to
provide CMHC with adequate protection and therefore cannot be
permitted under Section 363(c) to use CMHC's cash collateral, CMHC
asserted.

In his opinion, Judge Cary held that the Debtor has failed to
establish there was a sufficient equity cushion to further protect
CMHC.  Thus, Parkview failed to meet its burden that CMHC is, or
would be, adequately protected.

                  *     *     *

The Debtor filed a notice of appeal from Judge Cary's order
regarding the Debtor's motion for authority to use cash
collateral.

The Debtor is represented by:

          George J. Marcus, Esq.
          Jennie L. Clegg, Esq.
          David C. Johnson, Esq.
          Andrew C. Helman, Esq.
          MARCUS, CLEGG & MISTRETTA, P.A.
          One Canal Plaza, Suite 600
          Portland, ME 04101
          Tel: (207) 828-8000
          Fax: (207)-773-3210
          Email: gmarcus@mcm-law.com
                 Jclegg@mcm-law.com
                 djohnson@mcm-law.com
                 ahelman@mcm-law.com

Central Maine Healthcare Corporation is represented by:

          Amy Dieterich, Esq.
          Michael R. Poulin, Esq.
          Skelton, Taintor & Abbott
          95 Main Street
          Auburn, ME 04210
          Tel: (207)784-3200
          Email: adieterich@sta-law.com
                 mpoulin@sta-law.com

                    About Parkview Adventist

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a faith-based acute care community
hospital located in Brunswick, Maine, affiliated with the Seventh
Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G Cary.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for filing claims is Oct. 7, 2015.  The Debtor's plan
and disclosure statement are due Oct. 14, 2015.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portlane, Maine.


PARSLEY ENERGY: S&P Raises Rating on Sr. Unsecured Debt to 'B-'
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
issue-level rating on Austin, Texas-based exploration and
production (E&P) company Parsley Energy LLC's senior unsecured debt
to 'B-' from 'CCC+', and revised the recovery rating to '5' from
'6'.  The '5' recovery rating indicates S&P's expectation of modest
(10% to 30%, lower half of the range) recovery in the event of
default. The corporate credit rating remains 'B'.  The outlook is
stable.

S&P revised the ratings to reflect an updated reserve value for
Parsley Energy based on a company-provided PV10 report using S&P's
recovery price deck assumptions of $50 per barrel for West Texas
Intermediate (WTI) crude oil and $3.50 per million British thermal
units for Henry Hub natural gas.

The 'B' corporate credit rating on Parsley Energy reflects S&P's
assessment of the company's "weak" business risk and "aggressive"
financial risk.  The ratings incorporate the company's small proved
reserve base, geographic concentration in a single basin,
production on the lower end of rated E&P companies, sizeable
portion of undeveloped reserves, and limited management track
record.  These risks are somewhat offset by the relatively low
finding and development risk for reserves in the Permian Basin, the
company's significant exposure to crude oil and thus above-average
profitability, and high operatorship of their properties.

RATINGS LIST

Parsley Energy LLC
Corporate credit rating               B/Stable/--

Issue-Level Rating Raised; Recovery Rating Revised
                                      To             From
Parsley Energy LLC
Sr unsecd                            B-             CCC+
  Recovery rating                     5L             6



PATRIOT COAL: VCLF/ERP to Purchase Remaining Assets
---------------------------------------------------
Patriot Coal Corporation, a producer and marketer of coal in the
eastern United States, on Aug. 17 disclosed that it will file with
the Bankruptcy Court an asset purchase agreement with ERP Compliant
Fuels, LLC, an affiliate of Virginia Conservation Legacy Fund,
Inc., which provides for the acquisition of substantially all of
Patriot's assets and liabilities not included in the previously
announced sale agreement with Blackhawk Mining, LLC.  The
contemplated transaction with VCLF/ERP would be consummated
pursuant to a chapter 11 plan and is subject to bankruptcy court
approval of the sale, confirmation of a chapter 11 plan, and other
customary conditions.  Patriot's mining operations and customer
shipments will continue in the ordinary course during the sale
process.  With this transaction, Patriot expects to complete the
sale process and emerge from chapter 11 as expeditiously as
possible.

Under the terms of the agreement, VCLF/ERP would acquire, among
other assets and liabilities, the Federal Mining Complex in
northern West Virginia, the Corridor G Mining Complex in southern
West Virginia and other mining permits for purposes of land
reclamation and water quality improvement.  VCLF/ERP is assuming
liabilities in excess of $400 million in connection with Patriot's
workers' compensation, state black lung and environmental
obligations.  In addition, VCLF/ERP would assume or replace surety
bonds supporting reclamation and related liabilities associated
with the purchased assets.

Bob Bennett, President and Chief Executive Officer of Patriot,
said, "We are pleased to have reached this agreement to sell
substantially all of Patriot's remaining assets and liabilities to
VCLF, which enables us to take another important step forward in
Patriot's chapter 11 process.  In VCLF, we have found an
experienced partner who will responsibly manage our remaining
assets consistent with the highest environmental standards, and we
believe this proposed transaction is in the best interest of
Patriot and its stakeholders."

Mr. Bennett continued, "We are making progress in our sale process
with Blackhawk and continue to expect that a substantial majority
of Patriot employees at our mining operations will be offered
employment with Blackhawk or VCLF when the transactions are
completed.  With VCLF and Blackhawk, Patriot has now entered into
agreements to sell effectively the entirety of the Company, and we
will move expeditiously to close both transactions so that we can
successfully emerge from bankruptcy within the coming months.  I
want to thank Patriot's suppliers and customers for their continued
support, and I would especially like to thank our employees for
their tremendous dedication and professionalism during this
process.  As always, we remain committed to operating safely and
serving our customers throughout the sale process."

Tom Clarke, CEO of VCLF, said, "This agreement is a landmark
achievement for VCLF, allowing us to increase Appalachian
employment through the reclamation and reforestation of thousands
of acres of land.  Continued mining at Federal will allow us to
launch our "compliant fuel" program which bundles reforestation
carbon credits with coal sales, effectively reducing carbon
emissions, as required under the new emission standards.  We expect
to maintain employment in West Virginia at the current 683 employee
level and expand employment through our investment of up to $176
million in land reclamation, reforestation and water quality
improvement."

Patriot will file a motion with the Bankruptcy Court to authorize
proposed bid protections, and as with the Blackhawk agreement, the
VCLF transaction will be subject to higher and better bids. Patriot
expects to close the VCLF sale concurrently with the Blackhawk
transaction.

Court filings and other information related to the proposed
transactions with VCLF and Blackhawk and the reorganization
proceedings are available at a website administered by the
Company's claims agent, Prime Clerk, at
https://cases.primeclerk.com/patriotcoal

Centerview Partners is serving as financial advisor and Kirkland &
Ellis LLP is serving as legal advisor to Patriot.  Personnel from
Alvarez & Marsal are serving as restructuring officers for
Patriot.

                     About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in West
Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
appointed seven creditors of the company to serve on the official
committee of unsecured creditors.

On June 22, 2015, Joseph Bean, Patriot Coal's senior
vice-president, was designated by the court to perform the duties
imposed upon the company by the Bankruptcy Code.  This designation
will remain in effect during the entire pendency of Patriot Coal's
case until altered by order of the court.

Patriot Coal estimated more than $1 billion in assets and debt.


PIKE COUNTY: S&P Lowers Underlying Rating on Bonds to 'BB+'
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
underlying rating on bonds issued for Pike County School Corp.,
Ind. to 'BB+' from 'BBB-'.  The outlook is negative.

"We lowered our underlying rating because the school corporation
has been unable to eliminate its structural imbalance and the
available cash balance became negative in 2014," said Standard &
Poor's credit analyst Anna Uboytseva, "and we expect the general
fund cash balance to remain negative in the foreseeable future."
The negative outlook reflects continued operating deficits for a
district that expects to operate with negative general fund cash
balances in the near term.

At the same time, S&P affirmed its 'AA+' long-term rating and
underlying rating (SPUR) on the previously issued bonds that
qualify for Indiana's State Aid Intercept program.  The strength
and availability of state aid to intercept program participants
supports the program's credit characteristics.  The outlook on
these ratings is stable.

"The 'BB+' underlying rating reflects our view of the school
district's large operating deficits that likely will continue
through 2019," said Ms. Uboytseva.  Other factors include its:

   -- Reliance on the rainy day fund to support operations; and

   -- Reliance on interfund borrowing and tax anticipation notes
      for liquidity to support operations.

The bonds are secured by lease rentals payable from ad valorem
property taxes paid directly to an independent trustee.

Enrollment totaled 1,955 in 2014.  It decreased from 2011 to 2015,
declining by 3.4% overall.  Officials do not maintain enrollment
projections but believe that it will remain relatively stable.

The school district, serving an estimated population of 12,743, is
in southwestern Indiana near Evansville and encompasses all of Pike
County, including the towns of Petersburg, Spurgeon, and Winslow,
and the townships of Clay, Jefferson, Lockhart, Logan, Madison,
Marion, Monroe, Patoka, and Washington.

The stable outlook on the 'AA+' long-term rating reflects S&P's
view of the strength of the Indiana state aid intercept program.

"The negative outlook on the underlying rating reflects the
pressure of continued operating deficits that we believe could
remain large and will not be cured for several years," added Ms.
Uboytseva.  S&P believes that the negative cash reserve position is
likely to worsen each year, given the operating deficit is likely
to persist.

If the corporation were to significantly increase its reliance on
external and internal short-term borrowing without parallel
expenditure-side adjustments, S&P would likely lower the rating
further.  S&P could also lower the rating if the district's
management can't reduce the operating deficit by at least $2
million by 2016 as expected.  If the corporation is able to make
sustainable budgetary adjustments through meaningful cuts that show
a road toward progress in lessening the structural deficit, S&P
could revise the outlook to stable.



PRESCOTT VALLEY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Prescott Valley Events Center, LLC
        3001 Main Street, Suite 2B
        Prescott Valley, AZ 86314

Case No.: 15-10356

Type of Business: PVEC is an Arizona limited liability company
                  formed in 2005 to construct and operate a multi-

                  purpose sports and entertainment arena known as
                  the Prescott Valley Events Center in Prescott
                  Valley, Arizona.

Chapter 11 Petition Date: August 14, 2015

Court: United States Bankruptcy Court
       District of Arizona (Prescott)

Judge: Hon. Madeleine C. Wanslee

Debtor's Counsel: Carolyn J. Johnsen, Esq.
                  DICKINSON WRIGHT PLLC
                  1850 N. Central Avenue #1400
                  Phoenix, AZ 85004-4568
                  Tel: 602-285-5000
                  Fax: 602-285-5100
                  Email: cjjohnsen@dickinsonwright.com

                    - and -

                  William Novotny, Esq.
                  DICKINSON WRIGHT PLLC
                  1850 North Central Avenue, Suite 1400
                  Phoenix, AZ 85004
                  Tel: (602) 285-5006
                  Fax: 602-285-5100
                  Email: wnovotny@dickinsonwright.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Sean B. Fain, president, J A Flats,
Inc., manager of Debtor.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
American Outdoor                      Billboard            $2,525
                                     Avertising

Arizona Department of Revenue        Transaction          $60,764
                                    Privilege Tax

Arizona Public Service Company       Electricity          $19,684

ASCAP                               Music License Fee      $1,093

Batteries Plus                      Batteries/Lights       $1,199

Cabral, Jim                           Table Rentals          $517

CenturyLink                        Telephone Services     $21,497

Fain Signature Group                     Loan            $501,105
3001 Main Street, Suite 2B
Prescott Valley, AZ 86314

Great Circle Media                 Media Advertising       $2,912

Hampton Inn & Suites Prescott         Motel Rooms          $2,826

IPFS Corporation                   Insurance Premium      $36,762
                                        Financing

Otis Elevator                      Elevator Maintenance      $859

Pepsi-Cola Bottling Co.            Furniture, Fixtures       $723
                                    and Equipment for
                                       Beverages

Prescott Valley Signature            Parking Lots        $861,382
Entertainment
3001 N. Main Street, Suite 2B
Prescott Valley, AZ 86314

Prudential Overall Supply         Janitorial Supplies        $939

Rana Fire Protection              Fire Alarm Services        $527

Robert W. Baird & Company/           Underwriter's    $11,026,522
SW Securities                            Claim
c/o P. Meyer/ Williams
Montgomery & John
233 S. Wacker Drive, Suite
6100, Chicago, IL 60606

Semple, Marchal & Cooper, LLP    Accounting Services         $716

Wells Fargo Bank, N.A.,           Bond Debt-Secured   $35,000,000
Trustee                           Amount Unknown
Att: Gil Hernandez,
Corporate Trust Svcs

625 Marquette Avenue, MAC
N9311-161
Minneapolis, MN 55479

Yavapai Broadcasting              Media Advertising        $1,168
Corporation


PUTNAM ENERGY: Can Use Cash Collateral Until Aug. 19
----------------------------------------------------
The United States Bankruptcy Court for the Northern Districy of
Illinois granted Putnam Energy, L.L.C., interim authority to use
cash collateral until August 19, 2015.

The Court also ordered that the monthly provisional and partial
adequate protection payment by Putnam to Bridgeview Bank starting
in August is increased to $9,900 while the  monthly provisional and
partial adequate protection payment by Lincolnland to Bridgeview
Bank is $17,000.

                            About Putnam Energy

Putnam Energy, L.L.C., a company with power plant and pipeline
assets, sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
15-08733) on March 11, 2015, in Chicago, Illinois, after it failed
to reach a forbearance agreement with its lender.

The Debtor disclosed $10,394,596 in assets and $2,283,218 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented
by
Douglas S Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney,
LLC, in New Orleans, as counsel.


QUANTUM CORP: Amends Credit Agreement with Wells Fargo
------------------------------------------------------
Quantum Corp. has amended its credit agreement with Wells Fargo
Capital Finance, LLC to provide additional flexibility in using
proceeds from loans under the agreement to repay the $84 million in
convertible notes due Nov. 15, 2015.  Among other changes, the
amendment increases the amount of foreign accounts receivable and
intellectual property assets included in the borrowing base and
modifies the maturity date.

"As we've previously stated, we have the resources to pay off the
convertible notes due this November and expect to utilize a
combination of our cash on hand, cash we generate from operations
and the $75 million revolver provided for under the Wells Fargo
credit agreement," said Linda Breard, senior vice president and CFO
at Quantum.  "The credit agreement amendment announced today gives
us more freedom in determining the exact combination of resources
we will use to meet this obligation."

                         About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of June 30, 2015, the Company had $314.6 million in total
assets, $382.6 million in total liabilities and a $67.9 million
total stockholders' deficit.


RADIOSHACK CORP: Salus Withdraws Motion to Convert Case
-------------------------------------------------------
BankruptcyData reported that Salus Capital Partners filed with the
U.S. Bankruptcy Court a notice of withdrawal of its June 2, 2015
motion to convert RadioShack's Chapter 11 reorganization to a
liquidation under Chapter 7.

According to BData, the notice simply states, "The undersigned
counsel for Salus Capital Partners, hereby withdraws the Motion of
Salus Capital Partners, to Convert Debtors' Chapter 11 Cases to
Cases under Chapter 7 of the Bankruptcy Code (Docket No. 2296),
without prejudice."

                 About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack is a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300
company-operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor. Maeva Group, LLC, is the Debtors' Turnaround
advisor. Lazard Freres & Co. LLC is the Debtors' investment banker.
A&G Realty Partners is the Debtors' real estate advisor.  Prime
Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.  The bankruptcy case is assigned to Judge Brendan L.
Shannon.


RADIOSHACK CORP: Settlement with ABL Agent Approved
---------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
RadioShack's official committee of unsecured creditor's motion for
an order approving the settlement agreement with the ABL agent and
first out lenders.

According to BData, "Under the order, dated April 1, 2015,
approving the sale of certain of the Debtors' assets to General
Wireless and Sprint Solutions...the Debtors were required to
provide to the ABL Agent two cash collateral reserves: (1) an
expense reserve of $5 million to reimburse the reasonable fees and
expenses of the First Out Lenders and the ABL Agent that would
otherwise be payable under Section 9.5 of the DIP Credit Agreement,
including amounts incurred in connection with the adversary
proceeding initiated by SCP, as agent for the SCP Lenders; and (2)
an indemnification reserve of $7 million to reimburse valid
indemnification claims of the First Out Lenders and the ABL Agent,
as provided in the DIP Credit Agreement, including without
limitation Sections 9.6 and 8.10(b) (iii) of the DIP Credit
Agreement....On April 30, 2015, the Committee delivered to the ABL
Agent and the First Out Lenders the Notice of Potential Challenges
Against First Out ABL Lenders (the Committee's Notice of Potential
Claims), as it was required to under paragraph 44 of the Sale
Order. Among the potential claims and challenges listed are claims
sounding in fraudulent conveyance (under both state and federal
law), aiding and abetting breach of fiduciary duty, and
restitution/unjust enrichment, as well as challenges to the First
Out Lenders' collateral package, allocation of unencumbered estate
assets, and allow ability of the First Out Lenders' indemnification
and reimbursement claims."

                 About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack is a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300
company-operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor. Maeva Group, LLC, is the Debtors' Turnaround
advisor. Lazard Freres & Co. LLC is the Debtors' investment banker.
A&G Realty Partners is the Debtors' real estate advisor.  Prime
Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.  The bankruptcy case is assigned to Judge Brendan L.
Shannon.


RADIOSHACK CORP: Texas AG Wants Gift Card Holders Notified
----------------------------------------------------------
Law360 reported that Texas attorney general Ken Paxton urged a
Delaware bankruptcy court to compel RadioShack Corp.'s estate to
contact as many of the 2.9 million gift card holders as it has
addresses for and treat them as known creditors in its Chapter 11
proceedings.

According to the report, Paxton argued in a court filing that
because the defunct electronics purveyor has said it knows the
names and addresses of some of the customers left holding
$46,000,000 in unredeemed gift cards when the ship went down, it
should send them notice of the bankruptcy proceeding and allow them
to weigh in on the liquidation plan.  Although the proposed
mailings may only reach a portion of the affected consumers, Paxton
said, "Some notice is better than none," the report related.

Law360 also reported that the New York attorney general's office
told the bankruptcy court that it is seconding Texas' request for
Radio Shack to contact holders of unredeemed gift cards to let them
know about their rights in the retailer's bankruptcy.  In a notice
to the Delaware bankruptcy court, a bureau chief in the office of
Attorney General Eric Schneiderman said the office supported Texas'
request for the notifications to holders of up to 2.9 million
cards, the report related.

                 About RadioShack Corporation

Headquartered in Fort Worth, Texas, RadioShack is a retailer of
mobile technology products and services, as well as products
related to personal and home technology and power supply needs.
RadioShack's retail network includes more than 4,300
company-operated stores in the United States, 270 company-operated
stores in Mexico, and approximately 1,000 dealer and other outlets
worldwide.

RadioShack Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.

David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor. Maeva Group, LLC, is the Debtors' Turnaround
advisor. Lazard Freres & Co. LLC is the Debtors' investment banker.
A&G Realty Partners is the Debtors' real estate advisor.  Prime
Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Quinn Emanuel Urquhart & Sullivan, LLP and Cooley LLP represent the
Official Committee of Unsecured Creditors as co-counsel.  Houlihan
Lokey Capital, Inc., serves as financial advisor and investment
banker.  The bankruptcy case is assigned to Judge Brendan L.
Shannon.


RELATIVITY MEDIA: Auction Postponed After Creditor Objections
-------------------------------------------------------------
Law360 reported that the planned auction of Relativity Media LLC's
film and television production units has been pushed back two
weeks, the company said, after creditors said they needed more time
to review the proposed sales process.

According to the report, the auction, originally scheduled for
Sept. 16, has been postponed to Oct. 1, Relativity said.  A hearing
over Relativity's proposed bankruptcy financing was also postponed
to Aug. 25 after creditors filed objection with the New York
bankruptcy court saying they hadn't had enough time to review the
DIP financing, the report related.

                      About Relativity

Relativity -- http://relativitymedia.com/-- is a next-generation  

global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless,
and
The Fighter.

Relativity Media LLC and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code on July 30, 2015 (Bankr.
S.D.N.Y., Case No. 15-11989).  The case is assigned to Judge
Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day,
in
New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors'
investment
banker.  The team is led by Timothy Coleman, Senior Managing
Director, CJ Brown, Senior Managing Director, Paul Sheaffer, Vice
President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano &
Company,
Inc.


RESIDENTIAL CAPITAL: Objection to Stern Claims Partially Sustained
------------------------------------------------------------------
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York, sustained, in part, and overruled, in part,
the Rescap Liquidating Trust's objection to two claims filed by the
Law Offices of David J. Stern, P.A.

The two claims filed by DJSPA, the now-shuttered law firm of the
disbarred David J. Stern, sought to recover more than  $6 million
in what DJSPA asserts are unpaid legal fees.  The Trust asserts
that no fees are due because of Stern's material breaches of the
parties' contract, Stern's malpractice, and for other reasons as
well.

Judge Glenn held that the issue whether DJSPA materially breached
the parties' contract involves disputed issues of fact that may not
be resolved as a matter of law in deciding the objection.  He
further held that the objection to the breach of contract cause of
action is overruled, at least in part.  Judge Glenn says that if
the Trust establishes a material breach by DJSPA, applicable
Delaware law does not permit DJSPA to recover damages based on
partial performance in the circumstances present, and to that
extent, he sustained the Trust's objection.

With regard to the other objections made by the Trust, Judge Glenn
held:

     (a) There can be no expectation of future transactions between
DJSPA and the Debtors. DJSPA has dissolved and Stern, DJSPA's
former principal, has been disbarred from the practice of law. The
Debtors here have confirmed a plan of liquidation. Therefore, the
objection to the portion of the claims for open account is
sustained.

     (b) The Trust's conclusory argument states that GMAC Mortgage,
LLC never agreed to the amounts invoiced by DJSPA or that, "upon
information and belief," GMACM rejected certain of the invoices.
DJSPA has raised a disputed issue of fact whether there was a
meeting of the minds by alleging that the Master Services Agreement
required GMACM to object to the invoices within a specified time
period and that GMACM failed to do so. Consequently, a factual
dispute exists whether GMACM agreed to the invoiced charges.
Therefore, the Objection to the account stated portion of the
Claims is overruled.

The case is In re: RESIDENTIAL CAPITAL, LLC, et al., Chapter 11
Debtors, Case No. 12-12020 (MG).

A full-text copy of Judge Martin Glenn's Memorandum Opinion dated
August 4, 2015, is available at http://is.gd/ntAUEHfrom
Leagle.com.

The Rescap Liquidating Trust is represented by:

          Norman S. Rosenbaum, Esq.
          Jordan A. Wishnew, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019-9601
          Telephone: (212)468-8000
          Facsimile: (212)468-7900
          E-mail: nrosenbaum@mofo.com
                  jwishnew@mofo.com

                - and -

          John W. Smith T, Esq.
          BRADLEY ARANT BOULT CUMMINGS LLP
          One Federal Place
          1819 Fifth Avenue North
          Birmingham, AL 35203
          Telephone: (205)521-8000
          Facsimile: (205)521-8800
          E-mail: jsmitht@babc.com

Law Offices of David J. Stern is represented by:

          Jeffrey A. Tew, Esq.
          Spencer A. Tew, Esq.
          Thomas S. Ward, Esq.
          RENNERT VOGEL MANDLER & RODRIGUEZ, P.A.
          Miami Tower, 100 S.E.
          2nd Street, 29th Floor
          Miami, FL 33131
          Telephone: (305)577-4177
          E-mail: jtew@rvmrlaw.com
                  stew@rvmrlaw.com
                  tward@rvmrlaw.com

                - and -

          Linda Worton Jackson, Esq.
          Jesse R. Cloyd, Esq.
          SALAZAR JACKSON, LLP
          2000 Ponce de Leon Blvd.
          Penthouse
          Coral Gables, FL 33134
          E-mail: jackson@salazarjackson.com
                  Cloyd@salazarjackson.com

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012. Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion. The
Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.



RESPONSE GENETICS: Aug. 19 Meeting Set to Form Creditors' Panel
---------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on August 19, 2015, at 10:00 a.m. in the
bankruptcy case of Response Genetics, Inc.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         14th Floor, Room 1401
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



RESTORGENEX CORP: Incurs $3.9 Million Net Loss in Second Quarter
----------------------------------------------------------------
Restorgenex Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.9 million on $0 of revenues for the three months ended
June 30, 2015, compared with a net loss of $4.4 million on $0 of
revenues for the same period during the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $7.4 million on $0 of revenues compared to a net loss of
$5.8 million on $0 of revenues for the same period last year.

As of June 30, 2015, the Company had $36.6 million in total assets,
$4.8 million in total liabilities and $31.8 million in total
stockholders' equity.

As of June 30, 2015, cash and cash equivalents totaled
approximately $16.5 million, which the Company believes is
sufficient to fund its operations into the second half of 2016.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/ScjGxC

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $14.4 million in 2014,
a net loss of $2.46 million in 2013 and a net loss of $6.85 million
in 2012.


RICEBRAN TECHNOLOGIES: Amends 2012 Investment Agreements
--------------------------------------------------------
RiceBran Technologies, AF Bran Holdings-NL LLC, AF Bran Holdings
LLC, Nutra SA, LLC, and Industria Riograndese de Oleos Vegetais
Ltda, entered into a Second Amendment of Investment Agreements
effective as of June 30, 2015, which amended the Second Amended and
Restated Limited Liability Company Agreement for Nutra SA, LLC,
dated as of Dec. 24, 2012, as amended, Investor Rights Agreement,
dated as of Jan. 18, 2011, as amended, and Waiver of Investor
Rights Agreement, dated Dec. 6, 2013.  The parties previously had
entered into that certain Amendment of Investment Agreements on
Nov. 4, 2013.

Under the Second Amendment, the parties agreed as follows:

  1. The Company agreed to contribute certain rights to acquire
     prepaid product valued at $550,000 to Nutra SA (which Nutra
     SA will contribute to Irgovel).

  2. AF agreed to reduce its first out payment preference for the
     distributions from Nutra SA from 2.3x to 2.0x.

  3. The Company and AF agreed that the contribution noted in item
     1, the $1,500,000 Company contributed in June 2015, and, if
     Company so elects to contribute, the $1,000,000 that Company
     may contribute prior to May 31, 2016, shall all be deemed as
     Additional Capital Contributions, which are entitled to new
     preferences.

  4. The parties modified the distribution of cash from Nutra SA
     to provide that distributed cash first go to both AF and
     Company pro rata according to their Additional Capital
     Preference Percentage until Company has receives its
     Additional Capital Preference, then to AF until it receives
     its Unreturned AF Capital Contribution, then to Company until
     it receives its Unreturned RBT Capital Contributions, and
     then to AF and Company pro rata as members.  Previously, any
     Additional Capital Contribution by Company would participate
     in the distribution only after AF received their Unreturned
     AF Capital Contribution.

  5. AF agreed to defer the Drag Along Trigger Date to Jan. 1,
     2018.

  6. The parties removed the AF Yield Payments (which entitled AF
     to a 4% per annum yield if certain milestones were met, or
     the non-compliance waived, or 8% per annum yield if the
     milestones were not met).

  7. The Company and AF amended the LLC Agreement to provide that
     upon a Strategic Transaction, Company may become entitled
     with the right (but not the obligation) to cause Nutra SA to
     redeem AF's interest in Nutra SA for cash and securities.

A copy of the Second Amendment of Investment Agreements dated
Aug. 11, 2015, is available at http://is.gd/prZtx0

                          About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

Ricebran incurred a net loss of $26.6 million in 2014 following a
net loss of $17.6 million in 2013.

As of June 30, 2015, the Company had $40.8 million in total assets,
$30.5 million in total liabilities, $862,000 in temporary equity,
and $9.4 million in total equity attributable to the Company's
shareholders.

Marcum, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations resulting in an accumulated deficit of
$242.5 million at Dec. 31, 2014.  This factor among other things,
raises substantial doubt about its ability to continue as a going
concern.


RICEBRAN TECHNOLOGIES: Incurs $3.9 Million Net Loss in Q2
---------------------------------------------------------
RiceBran Technologies filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $3.9 million on $11.4 million of revenues for the three months
ended June 30, 2015, compared to a net loss of $15.7 million on
$11.3 million of revenues for the same period during the prior
year.

For the six months ended June 30, 2015, the Company reported a net
loss of $7.6 million on $21 million of revenues compared to a net
loss of $18.5 million on $19 million of revenues for the same
period a year ago.

As of June 30, 2015, the Company had $40.8 million in total assets,
$30.5 million in total liabilities, $862,000 in temporary equity,
and $9.4 million in total equity attributable to the Company's
shareholders.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/7K0Ihx

                         About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

Ricebran incurred a net loss of $26.6 million in 2014 following a
net loss of $17.6 million in 2013.

Marcum, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations resulting in an accumulated deficit of
$242.5 million at Dec. 31, 2014.  This factor among other things,
raises substantial doubt about its ability to continue as a going
concern.


ROSEVILLE SENIOR: Can Use Cash Collateral Until Sept. 30
--------------------------------------------------------
Roseville Senior Living Properties LLC obtained a court order
extending the period of time during which it can use the cash
collateral of its lender CapitalSource Finance LLC.

The court order, issued by U.S. Bankruptcy Judge Michael Kaplan,
extended the date of termination from July 31 to Sept. 30, 2015.

On the petition date, Roseville held $182,997 in cash.  As of June
1, 2015, the total amount of cash on hand is $941,210, court
filings show.  

                  About Roseville Senior Living

Roseville Senior Living Properties, LLC, owns and operates a senior
assisted living housing facility in Roseville, California.  It
filed for Chapter 11 bankruptcy (Bankr. D.N.J. Case No. 13-31198)
on Sept. 27, 2013, in Newark.  Judge Donald H. Steckroth presides
over the case.  Walter J. Greenhalgh, Esq., at Duane Morris, LLP,
represents Roseville Senior Living Properties as counsel.  Friedman
LLP serves as the Debtor's accountant.

Roseville Senior Living Properties estimated $10 million to $50
million in assets, and $1 million to $10 million in liabilities.
In its schedules filed with the Bankruptcy Court, the Debtor
indicated total assets and total debts as "Unknown", a copy of
which is available for free at:

       http://bankrupt.com/misc/rosevillesenior.doc54.pdf

The petition was signed by Michael Edrei, managing director,
Meecorp Capital Markets, Inc.

The United States Trustee for Region 3 appointed Joseph Rodrigues,
State Long Term Care Ombudsman, California Department of Aging, as
the Patient Care Ombudsman in the Debtor's case.


RREAF O&G: Has Authority to Obtain $44-Mil. from Atalaya Capital
----------------------------------------------------------------
Rreaf O&G Portfolio # 2 LLC and its affiliates sought and obtained
authority from Judge Ronald B. King of the United States Bankruptcy
Court of the Western District of Texas Midland Division, to pursue
a financing proposal made by Atalaya Capital Management, LP.

The Debtors' authorization to enter into the Atalaya Proposal is
conditioned on the Atalaya Proposal being modified.  Under the
modified proposal, the lender will commit to extend to Borrower a
senior-secured term loan, which will be secured by a first-priority
mortgage on each of the Properties and a first-priority lien on the
other Collateral.  The Loan Amount is the lesser amount of (i)
$44,000,000 and (ii) 75.0% of the aggregate appraised value of the
Properties as determined by Lender, in its sole discretion.  Upon
request by the Borrower, the Loan Amount may be increased to $45
million, subject to approval by the Lender in its sole discretion.

The proceeds from the Loan will be used to (i) refinance existing
debt secured by the Properties which will be identified prior to
the Closing Date, (ii) fund the PIP Reserve (as defined below) and
(iii) pay Loan closing fees and expenses.

Judge King overruled the objections to the Debtors' request for
financing.  The parties who filed their objections to the Debtors'
motion are: Dewitt County, Frio Hospital District, Jefferson
County, Pearsal ISD, Reeves County, who asserted that the Debtors'
motion failed to demonstrate that the liens of the Tax Authorities
are adequately protected as required by Section 364(d)(1)(b) of the
Bankruptcy Code, and Spectrum Origination LLC with Spectrum Rreaf
Class A, LLC arguing that the proposal filed by the Debtors suffers
from several significant flaws.

The Debtors, in response to the objections, argued that the
decision to enter into the Atalaya Proposal was an informed, good
faith decision made after sufficient deliberation and will
certainly further a rational business purpose and that to pursue
the Atalaya Proposal is necessarily a reasonable exercise of their
business judgment.

The Debtors are represented by:

          Robert W. Jones, Esq.
          Brent R. McIlwain, Esq.
          Brian Smith, Esq.
          HOLLAND & KNIGHT LLP
          200 Crescent Court, Suite 1600
          Dallas, TX 75201
          Tel: (214) 964-9500
          Fax: (214) 964-9501
          Email:robert.jones@hklaw.com
                brent.mcilwain@hklaw.com
                brian.smith@hklaw.com

Spectrum Origination LLC and Spectrum Rreaf Class A, LLC are
represented by:

          Sarah R. Borders, Esq.
          Jeffrey R. Dutson, Esq.
          KING & SPALDING LLP
          1180 Peachtree Street NE
          Atlanta, Georgia 30309
          Tel: 404-572-3596
          Fax: 404-572-5131
          Email: sborders@kslaw.com
                 jdutson@kslaw.com

             -- and --

          Edward Ripley, Esq.
          KING & SPALDING LLP
          1100 Louisiana Street, Suite 4000
          Houston, Texas 77002
          Tel: 713-276-7351
          Fax: 713-751-3290
          Email: eripley@kslaw.com

The Tax Authorities are represented by:

          David G. Aelvoet, Esq.
          Don Steckler, Esq.
          LINEBARGER GOGGAN BLAIR & SAMPSON, LLP
          711 Navarro Suite 300
          San Antonio Texas, 78205
          Tel: (210) 225-6763
          Fax: (210) 225-6410

                       About RREAF O&G

RREAF O&G Portfolio #2 LLC, RREAF O&G Portfolio Manager #2 LLC,
RREAF O&G Portfolio #3 LLC, and RREAF O&G Portfolio #3 Manager
LLC,
collectively, own eight hotel properties in Texas.

RREAF O&G Portfolio #2, et al., sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Lead Case No. 15-70094), in Midland,
Texas, on July 8, 2015.  Webb M. ("Kip") Sowden, III, the CEO,
signed the Chapter 11 petitions.

The cases are assigned to Chief Bankruptcy Judge Ronald B. King.

The Debtors tapped Holland & Knight LLP as counsel.

Portfolio #2 estimated $50 million to $100 million in assets and
less than $50 million in debt.


SALEM MEDIA: S&P Revises Outlook to Stable & Affirms 'B' CCR
------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on Camarillo, Calif.-based radio broadcasting company Salem
Media Group Inc. to stable from positive.

At the same time, S&P affirmed its ratings on the company,
including the 'B' corporate credit rating.

"The outlook revision is based on our expectation that Salem's
adjusted debt leverage will remain above 5x over the next 12
months," said Standard & Poor's credit analyst Heidi Zhang.  "As of
June 30, 2015, Salem's adjusted debt leverage was 5.4x, which is
meaningfully above our 5x threshold for a possible upgrade."  S&P
expects leverage to stay above 5x over the next 12 months as the
company pursues tuck-in acquisitions provided by Disney's
divestiture of multiple radio properties.  Salem's
higher-than-expected leverage is also due to more expenses at Eagle
Publishing (which Salem acquired in the first quarter of 2014) than
S&P had initially anticipated.

The stable outlook reflects S&P's expectation that Salem will
maintain leverage in the low- to mid-5x area over the next 12
months while maintaining "adequate" liquidity.

S&P could lower the rating if Salem's operating performance
deteriorates, reducing the company's overall liquidity, or if its
financial policy shifts toward aggressive shareholder returns and
acquisitions.  S&P could also lower the rating if the cushion of
compliance with financial covenants remains below 15% without the
prospect of a reversal.

S&P could consider an upgrade if leverage drops below 5x and
management demonstrates a commitment to keeping leverage under 5x.
An upgrade scenario would also require the company to have
"adequate" liquidity and a covenant cushion greater than 15%.



SAMSON RESOURCES: Plans Chapter 11 Filing by Mid-September
----------------------------------------------------------
Matt Jarzemsky and Ryan Dezember, writing for The Wall Street
Journal, reported that KKR & Co.'s Samson Resources Corp. plans to
file for Chapter 11 bankruptcy protection by mid-September after
finalizing a restructuring plan with key lenders.

According to the report, the filing would represent the biggest
corporate casualty yet of a slump in oil and gas prices and another
black mark in energy for the private-equity pioneer.

The Tulsa, Okla.-based oil and gas producer agreed to hand
ownership to a group of its lenders in bankruptcy, the Journal
said, citing a company statement.  The move would wipe out the
roughly $4.1 billion in cash KKR and its partners invested in the
company, the report related.

                  About Samson Resources

Tulsa, Oklahoma-based Samson Resources Corporation explores,
develops and produces oil and natural gas properties in the United
States.  The Company operates in the Rocky Mountain, Mid-Continent
and East Texas regions.

As previously reported by The Troubled Company Reporter, Samson
Resources said that Chapter 11 bankruptcy protection might offer
the best route to restructuring its heavy debt load.  Samson said
in its 2014 annual report filing with the U.S. Securities and
Exchange Commission that it is exploring a range of strategic and
financial options but a "filing under Chapter 11 of the U.S.
bankruptcy code may provide the most expeditious manner in which
to
effect a capital structure solution."

Samson, which is controlled by private-equity firm KKR & Co., also
disclosed that its auditor found that its financial condition
raises substantial doubt about its ability to continue as a going
concern, the report related.

The Troubled Company Reporter, on Feb. 27, 2015, reported that
Samson Resources is working with law firm Kirkland & Ellis LLP's
restructuring practice and Blackstone Group LP's restructuring
advisory group, as a sharp decline in oil and gas prices
complicates its efforts to stem losses and keep current on its
multibillion-dollar debt load.

                       *     *     *

The Troubled Company Reporter, on April 6, 2015, reported that
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Tulsa, Okla.-based Samson Resources Corp. to
'CCC-' from 'CCC+'.  The outlook is negative.

The TCR, on Feb. 19, 2015, reported that Standard & Poor's Ratings
Services lowered its corporate credit rating on Tulsa, Okla.-based
Samson Resources Corp. to 'CCC+' from 'B-'.  The outlook is
negative.

At the same time, S&P lowered its rating on Samson's revolving
credit facility to 'B' (two notches above the corporate credit
rating) from 'B+'.  The recovery rating on this debt remains '1',
indicating S&P's expectation of very high (90% to 100%) recovery in
the event of a payment default.  S&P also lowered its rating on
Samson's second-lien debt to 'CCC+' (the same as the corporate
credit rating) from 'B-'.  The recovery rating on this debt remains
'4', indicating S&P's expectation of average (30% to 50%) recovery
in the event of a payment default.  S&P also lowered its rating on
subsidiary Samson Investment Co.'s unsecured notes to 'CCC-' (two
notches below the corporate credit rating) from 'CCC'. The recovery
rating on this debt remains '6', indicating S&P's expectation of
negligible (0% to 10%) recovery in the event of a payment default.


SANTA CRUZ BERRY: Won Authority to Use Cash Until Sept. 30
----------------------------------------------------------
Judge M. Elaine Hammand of the United States Bankruptcy Court for
the Northern District of California, San Jose Division, signed a
stipulation entered into among Santa Cruz Berry Farming, Tom Lange
Company, Inc., and Tom Lange Company International, Inc.,
California Coastal Rural Development Corporation, Del Mar Food
Products, Inc., and the Official Committee of Unsecured Creditors
for the continued use of cash collateral.

Pursuant to the court-approved stipulation, the Debtor is
authorized to use cash collateral on a limited and emergency basis
from August 13, 2015, through and including the earlier of (i) the
date of an occurrence of an event of default or (ii) September 30,
2015.  All cash collateral, now or hereafter in possession of
Debtor and the Estate will be deposited by Debtor in a segregated
account and will be subject to Secured Parties' liens and security
interests to the same extent, validity and priority that such liens
and security interests exist as of the Petition Date.

Each Secured Party is granted by the Debtor, effective as of the
Petition Date, a "replacement lien" in all prepetition and
postpetition assets in the Estate, whether tangible or intangible,
whether by contract or operation of law, and including all Cash
Collateral, but not including claims or causes of action possessed
by the Debtor's bankruptcy estate and all proceeds therefrom.  The
Postpetition Lien is only to the extent of any diminution in value
of the Prepetition Collateral arising from the use of Cash
Collateral.  The Postpetition Lien is subordinated to the
compensation and expense reimbursement (excluding professional
fees) of a superseding Chapter 7 trustee in the Case.

As adequate protection, entry of the Order does not affect the
rights of any Secured Parties objecting to the use of the Cash
Collateral or contesting the adequate protection provided pursuant
to this Order as sufficient adequate protection of its interests.

Santa Cruz Berry Farming Company, LLC, is represented by:

          Thomas A. Vogele, Esq.
          Brendan M. Loper, Esq.
          THOMAS VOGELE & ASSOCIATES, APC
          3199 Airport Loop Road, Suite A-3
          Costa Mesa, California 92626
          Tel.: 714 641-1232
          Fax: 888 391-4105
          Email: tvogele@tvalaw.com
                 bloper@tvalaw.com

Secured Creditors Tom Lange Company, Inc. and Tom Lange Company
International, Inc. are represented by:

          William S. Brody, Esq.
          Joseph M. Welch, Esq.
          Buchalter Nemer
          A Professional Corporation
          1000 Wilshire Boulevard, Suite 1500
          Los Angeles, California 90017
          Tel.: 213 891-0700
          Fax: 213 896-0400
          Email: wbrody@bulchalter.com
                 jwelch@buchalter.com

California Coastal Rural Development Corporation is represented
by:

          Effie F. Anastassiou, Esq.
          Stephen J. Beals, Esq.
          ANASTASSIOU& ASSOCIATES
          242 Capitol Street
          Post Office Box 2210
          Salinas, California 93902
          Tel.: 831 754-2501
          Fax: 831 754-0621

             About Santa Cruz Berry Farming

Watsonville, California-based Santa Cruz Berry Farming grows
conventional and organic strawberries.  The privately owned company
was founded by and is currently managed by Fritz Koontz.  Seven
Seas Berry Sales, a division of the Tom Lange Co., is the sales
agent for the Company.

Santa Cruz Berry Farming Company, LLC, and Corralitos Farms, LLC,
commenced Chapter 11 bankruptcy cases (Bankr. N.D. Cal. Case Nos.
15-51771 and 15-51772) in San Jose, California, on May 25, 2015.

The Debtors tapped Thomas A. Vogele, Esq., at Thomas Vogele and
Associates, APC, in Costa Mesa, California, as counsel.


SEMCRUDE LP: District Ct. Grants Summary Judgment to Oil Purchasers
-------------------------------------------------------------------
Judge Sue L. Robinson of the United States District Court for the
District of Delaware adopted the bankruptcy court's findings of
fact and conclusions of law in the dispute between a group of oil
producers that sold oil to SemCrude, LP., and two downstream
purchasers that subsequently repurchased that same oil from
SemCrude.

The Purchasers -- BP Oil Supply Company and J. Aron & Company --
filed two adversary proceedings in the Chapter 11 bankruptcy case
filed by SemCrude and related entities.  The Purchasers sought to
tender the final amount they owed the Debtors under their trading
agreements.  They also sought declaratory judgment that this
tendered amount fully satisfied and released the Purchasers from
any claims of the Debtors and the Producers in the disputed oil.

On June 28, 2013, the bankruptcy court issued proposed findings of
fact and conclusions of law pursuant to 28 U.S.C. Section 157(c)(1)
and Federal Rule of Bankruptcy Procedure 9033(a).  The bankruptcy
court recommended summary judgment in the Purchasers' favor on all
counts of their two adversary complaints.  The Producers objected
to the bankruptcy court's findings and contended that the
bankruptcy court did not have the necessary related-to jurisdiction
to enter the FFCL.

Judge Robinson found that the Purchasers' adversary proceedings
would have a direct impact on the Debtors' bankruptcy estate and
that the bankruptcy court did have "related to" subject matter
jurisdiction over the disputes.  The judge also confirmed that the
Purchasers have demonstrated that there are no disputed issues of
material fact and that they are entitled to summary judgment on
their adversary proceedings.

The cases are J. ARON & COMPANY, et al., Plaintiffs, v. SEMCRUDE,
L.P., et al., Defendants. BP OIL SUPPLY COMPANY, et al.,
Plaintiffs, v. SEMCRUDE, L.P., et al., Defendants. ANSTINE &
MUSGROVE, INC., et al., Plaintiffs, v. J. ARON & COMPANY, et al.,
Defendants. ARROW OIL & GAS, INC., et al., Plaintiffs, v. J. ARON &
COMPANY, et al., Defendants. IC-CO, INC., et al., Plaintiffs, v. J.
ARON & COMPANY, Defendants. ORANGE CREEK ENERGY LPV, LP.,
Plaintiff, v. J. ARON & COMPANY, et al., Defendants, BANK. NO.
08-11525 (BLS), CIV. NO. 14-CV-41 (SLR)., 14-CV-357 (SLR), ADV. NO.
09-50038, CIV. NO. 14-CV-40 (SLR), ADV. NO. 09-50105, CIV. NO.
14-CV-39 (SLR), ADV. NO. 10-51797, CIV. NO. 14-CV-38 (SLR), ADV.
NO. 10-51825, CIV. NO. 14-CV-358 (SLR), ADV. NO. 11-51773, CIV. NO.
14-CV-913 (SLR), ADV. NO. 11-53148. (D. Del.), relating to In re:
SEMCRUDE, L.P., et al., Chapter 11, Debtors.

A full-text copy of Judge Robinson's July 30, 2015 memorandum
opinion is available at http://is.gd/BMzuR3from Leagle.com.

The Associated Producers are represented by:

          Adam G. Landis, Esq.
          Matthew B. McGuire, Esq.
          LANDIS RATH & COBB, L.L.P.
          919 Market Street, Suite 1800
          Wilmington, DE 19801
          Tel: (302) 467-4400
          Email: landis@lrclaw.com
                 mcguire@lrclaw.com

               -- and --

          Peter S. Goodman, Esq.
          Michael R. Carney, Esq.
          MCKOOL SMITH, P.C.
          One Bryant Park 47th Floor
          New York, NY 10036
          Tel: (212) 402-9400
          Fax: (212) 402-9444
          Email: pgoodman@mckoolsmith.com
                 mcarney@mckoolsmith.com

               -- and --

          Lewis T. LeClair, Esq.
          MCKOOL SMITH, P.C.
          300 Crescent Court Suite 1500
          Dallas, TX 75201
          Tel: (214) 978-4000
          Fax: (214) 978-4044
          Email: lleclair@mckoolsmith.com

               -- and --

          Hugh Ray, Esq.
          Basil A. Umari, Esq.
          MCKOOL SMITH, P.C.
          600 Travis Street Suite 7000
          Houston, TX 77002
          Tel: (713) 485-7300
          Fax: (713) 485-7344
          Email: hray@mckoolsmith.com
                 bumari@mckoolsmith.com

BP Oil Supply Company is represented by:

          Jennifer R. Hoover, Esq.
          BENESCH, FRIEDLANDER, COPLAN & ARONOFF, L.L.P.
          222 Delaware Avenue, Suite 801
          Wilmington, DE 19801-1611
          Tel: (302) 442-7010
          Fax: (302) 442-7012
          Email: jhoover@beneschlaw.com

               -- and --

          James S. Carr, Esq.
          Thomas B. Kinzler, Esq.
          David Zalman, Esq.
          Melissa E. Byroade, Esq.
          KELLEY DRYE & WARREN, L.L.P.
          101 Park Avenue
          New York, NY 10178
          Tel: (212) 808-7800
          Fax: (212) 808-7897
               (212) 808-7898
          Email: jcarr@kelleydrye.com
                 tkinzler@kelleydrye.com
                 dzalman@kelleydrye.com
                 mbyroade@kelleydrye.com

J. Aron & Company is represented by:

          Don A. Beskrone, Esq.
          Amanda Winfree Herrmann, Esq.
          ASHBY & GEDDES, P.A.
          500 Delaware Avenue P.O. Box 1150
          Wilmington, DE 19899
          Tel: (302) 654-1888
          Fax: (302) 654-2067
          Email: dbeskrone@ashby-geddes.com
                 ahermann@ashby-geddes.com

               -- and --

          Thomas J. Moloney, Esq.
          Boaz S. Morag, Esq.
          CLEARY GOTTLIEB STEEN & HAMILTON, L.L.P.
          One Liberty Plaza
          New York, NY 10006
          Tel: (212) 225-2000
          Fax: (212) 225-3999
          Email: tmoloney@cgsh.com
                 bmorag@cgsh.com

IC-CO, Inc. is represented by:

          Duane D. Werb, Esq.
          WERB & SULLIVAN
          300 Delaware Ave., Suite 1300
          Wilmington, DE 19801
          Tel: (302) 652-1100
          Fax: (302) 652-1111

               -- and --

          Hartley B. Martyn, Esq.
          MARTYN & ASSOCIATES
          820 W. Superior Avenue, 10th Floor
          Cleveland, OH 44113
          Tel: (216) 861-4700
          Fax: (216) 861-4703
          Email: hmartyn@pacalaw.com

                About SemCRUDE L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy. SemGroup
serves customers in the United States, Canada, Mexico and Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark D. Collins,
Esq., at Richards Layton & Finger; Harvey R. Miller, Esq., Michael
P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil, Gotshal &
Manges LLP; and Martin A. Sosland, Esq., and Sylvia A. Mayer, Esq.,
at Weil Gotshal & Manges LLP, represented the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants L.L.C. served
as the Debtors' claims agent.  The Blackstone Group L.P. and A.P.
Services LLC acted as the Debtors' financial advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc., is
the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The Plan,
which distributed more than $2.5 billion in value to stakeholders,
was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SEMGROUP LP: Appeals Court Nixes Shareholder Suit Against Executive
-------------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist for Bloomberg News, reported
that U.S. Circuit Judge D. Michael Fisher of the U.S. Court of
Appeals in Philadelphia, in the bankruptcy case of SemCrude LP,
handed down a decision based on Oklahoma law that leaves
stockholders little chance of suing management for fraud and
misrepresentation when a company is bankrupt.

According to the report, following Oklahoma precedents, Judge
Fisher said the investors were unable to show losses "in addition
to" those suffered by other equity holders or the company itself.
Their losses "differ only in amount, not in kind," he said, the
report related.

The case is In re SemCrude LP, 14-1204, U.S. Court of Appeals for
the Third Circuit (Philadelphia).

                       About SemCRUDE L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream  
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup
serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark
D. Collins, Esq., at Richards Layton & Finger; Harvey R. Miller,
Esq., Michael P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil,
Gotshal & Manges LLP; and Martin A. Sosland, Esq., and Sylvia A.
Mayer, Esq., at Weil Gotshal & Manges LLP, represented the Debtors
in their restructuring efforts.  Kurtzman Carson Consultants
L.L.C. served as the Debtors' claims agent.  The Blackstone Group
L.P. and A.P. Services LLC acted as the Debtors' financial
advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc.,
is the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The
Plan, which distributed more than $2.5 billion in value to
stakeholders, was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SHASTA ENTERPRISES: $680K Sale of Real Property to Cerami Approved
------------------------------------------------------------------
Hank M. Spacone, Chapter 11 trustee for Shasta Enterprises, sought
for and obtained from Judge Michael S. McManus of the U.S.
Bankruptcy Court for the Eastern District of California, Sacramento
Division, authority to sell the following real property to The
Cerami Family Trust 2014 for $680,000: (1) 468 Hemsted Drive; (2)
444 Hemsted Drive; (3) 333 Knollcrest Drive; (4) 311 Knollcrest
Drive; (5) 332 Knollcrest Drive; and (6) 348 Knollcrest Drive.

The Court likewise authorized the Chapter 11 Trustee to pay the
following from the sale proceeds:

   a. All real property taxes and assessments pro-rated as of the
closing date, in the approximate amount of $4,357, as shall be
finally approved by the Trustee through escrow;

   b. The total sum of $610,000 to Central Valley in exchange for
its release of its liens on the Real Property; and

   c. The brokers' commission(s) in the reduced flat fee amount of
$25,800.

Joseph Cerami, trustee of The Cerami Family Trust 2014, tells the
Court that in his opinion, the Sale Agreement was negotiated, and
the bids at the auction, in good faith and from arm's length
bargaining positions.

Chapter 11 Trustee Hank M. Spacone is represented by:

          Donald W. Fitzgerald, Esq.
          Jason E. Rios, Esq.
          FELDERSTEIN FITZGERALD WILLOUGHBY & PASCUZZI LLP
          400 Capitol Mall, Suite 1750
          Sacramento, CA 95814
          Telephone: (916)329-7400
          Facsimile: (916)329-7435
          E-mail: dfitzgerald@ffwplaw.com
                  jrios@ffwplaw.com

                     About Shasta Enterprises

Redding, California-based Shasta Enterprises, dba Vidal Vineyards,
dba Silverado Knolls, dba Villa Vidal Vineyards, sought bankruptcy
protection (Bankr. E.D. Cal. Case No. 14-30833) on Oct. 31,
2014.
The petition was signed by Antonio Rodriguez, general
partner.

Judge Michael S. McManus presides over the case.  The Debtor's

counsel is David M. Brady, Esq., at Law Office of Cowan & Brady, in
Redding, California.



The Debtor disclosed total assets of $33.4 million and total debt
of $21.5 million.

The Court, on Dec. 29, 2014, approved the appointment of Hank
Spacone as the Chapter 11 trustee of the Debtor's estate.



SNOWFLAKE COMMUNITY: Files Bankruptcy Rule 2015.3 Report
--------------------------------------------------------
Snowflake Community Foundation filed with the U.S. Bankruptcy Court
for the District of Arizona a report on the value, operations and
profitability of The Apache Railway Company as of July 1, 2015.

Snowflake Community is the sole owner of Apache Railway, according
to the report, which also contains a balance sheet and a statement
of income.

As of June 30, 2015, Apache Railway had total assets of $6.61
million; total liabilities of $382,276 and total equity of $6.23
million.  The company's income statement for June 2015 showed a net
income of $3,933.  

Snowflake Community filed the report pursuant to Bankruptcy Rule
2015.3.  A copy of the report is available for free at
http://is.gd/9wJ19b

                   About Snowflake Community

Snowflake Community Foundation, whose lone significant asset is its
100% ownership of The Apache Railway Co., sought Chapter 11
protection (Bankr. D. Ariz. Case No. 15-bk-06264) in Phoenix on May
20, 2015.  The case is assigned to Judge Madeleine C. Wanslee.

The Debtor tapped Rob Charles, Esq., at Lewis Roca Rothgerber LLP,
in Tucson, Arizona, as counsel.


SOLAR POWER: Incurs $14.2 Million Net Loss in Second Quarter
------------------------------------------------------------
Solar Power, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $14.2
million on $43.6 million of total net sales for the three months
ended June 30, 2015, compared to a net loss of $1.3 million on $6.3
million of total net sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $51.6 million on $59.8 million of total net sales compared
to a net loss of $2.1 million on $9.9 million of total net sales
for the same period during the prior year.

As of June 30, 2015, the Company had $731.2 million in total
assets, $420 million in total liabilities and $311 million in total
equity.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/0TUkjA

                        About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.


SPANISH BROADCASTING: Incurs $3.5 Million Net Loss in 2nd Qtr.
--------------------------------------------------------------
Spanish Broadcasting System, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $3.5 million on $38.1 million of net revenue for the
three months ended June 30, 2015, compared to a net loss of $3.2
million on $40.8 million of net revenue for the same period during
the prior year.

For the six months ended June 30, 2015, the Company reported a net
loss of $12.2 million on $70.2 million of net revenue compared to a
net loss of $9.3 million on $73.6 million of net revenue for the
same period in 2014.

As of June 30, 2015, Spanish Broadcasting had $448 million in total
assets, $534.3 million in total liabilities and a stockholders'
deficit of $86.3 million.

"During the second quarter, we continued to invest in the build-out
of our AIRE Radio Network platform, which is gaining traction with
listeners, advertisers and station partners," commented Raúl
Alarcón, Jr., Chairman and CEO.  "Our radio stations also continue
to rank among the most successful platforms serving the
Spanish-speaking population in the nation's largest Hispanic media
markets.  Looking ahead, we remain focused on strengthening our
content offerings, expanding our digital footprint and leveraging
our multi-media assets to further build our audience and connect
advertisers with the rapidly expanding Latino population."

A full-text copy of the Form 10-Q is available for free at:

                      http://is.gd/Cm5V0V

                   About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
operates 21 radio stations targeting the Hispanic audience.  The
Company also owns and operates Mega TV, a television operation
with over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico.  Its revenue for the twelve
months ended Sept. 30, 2010, was approximately $140 million.

Spanish Broadcasting reported a net loss of $20.0 million on $146
million of net revenue for the year ended Dec. 31, 2014, compared
with a net loss of $88.6 million on $154 million of net revenue in
2013.

                           *     *     *

In November 2010, Moody's Investors Service upgraded the corporate
family and probability of default ratings for Spanish Broadcasting
System, Inc., to 'Caa1' from 'Caa3' based on improved free cash
flow prospects due to better than anticipated cost cutting and the
expiration of an unprofitable interest rate swap agreement.
Moody's said Spanish Broadcasting's 'Caa1' corporate family rating
incorporates its weak capital structure, operational pressure in
the still cyclically weak economic climate, generally narrow
growth prospects (though Spanish language is the strongest growth
prospect) given the maturity and competitive pressures in the
radio industry, and the June 2012 maturity of its term loan
magnify this challenge.

In July 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Miami, Fla.-based Spanish Broadcasting
System Inc. to 'B-' from 'CCC+', based on continued improvement in
the company's liquidity position.  The rating outlook is stable.
"The rating action reflects S&P's expectation that, despite very
high leverage, SBS will have adequate liquidity over the
intermediate term to meet debt maturities, potential swap
settlements, and operating needs until its term loan matures on
June 11, 2012," said Standard & Poor's credit analyst Michael
Altberg.


SPIRE CORP: Delays Form Q2 10-Q Over Liquidity Issues
-----------------------------------------------------
Spire Corporation filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its quarterly report on Form 10-Q for the quarter ended
June 30, 2015.

As previously disclosed, the Company has limited cash resources and
liquidity, and has been exploring various alternatives on how to
fund working capital needs and institute cost reduction efforts.
The Company's current lack of sufficient cash resources, lack of
financing, delays in shipments of certain products coupled with the
corresponding delays in receipt of expected revenue from the sale
of such products, and the imposition of stricter payment terms from
certain of its suppliers, continue to constrain the Company's
liquidity and operations.  In January 2015, the Company's chief
financial officer resigned, and its chief executive officer
currently acts as the Company's principal financial officer.

Because the Company's management continues to devote considerable
attention to addressing the Company's financial and liquidity
issues and because of its lack of a full-time chief financial
officer, the Company was unable to complete its financial
statements for its Quarterly Report on Form 10-Q for the period
ended June 30, 2015, within the prescribed time period without
unreasonable effort or expense.

The Company currently expects that its revenue will decrease by 39%
to 44% and 35% to 40%, respectively, for the three and six months
ended June 30, 2015, compared to the same periods in 2014, before
considering the effects of the presentation of discontinued
operations.  This expected change is primarily due to the
deconsolidation of its variable interest entity.  The Comopany
expects that its operating loss from continuing operations will
increase by 9% to 16% and its net loss will increase 1% to 8% for
the three months ended June 30, 2015, compared to the same period
in 2014, before considering the effects of the presentation of
discontinued operations.  The Company expects that its operating
loss from continuing operations will improve by 26% to 33% and its
net loss will improve 30% to 37% for the six months ended June 30,
2015, compared to the same period in 2014, before considering the
effects of the presentation of discontinued operations.  Since the
financial statements for the quarterly period ended June 30, 2015,
are not yet completed, actual results may differ materially from
its current expectations.

                         About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed
$9.73 million in total assets, $15.6 million in total liabilities,
and a $5.87 million total stockholders' deficit.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


ST. MICHAEL'S MEDICAL: Aug. 18 Meeting Set to Form Creditors Panel
------------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on August 18, 2015, at 1:30 p.m. in the
bankruptcy cases of Saint Michael's Medical Center, Inc., Columbus
Acquisition Corp., Saint James Care, Inc., and University Heights
Property Company, Inc.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         14th Floor, Room 1401
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases. To increase
participation in the Chapter 11 proceeding, Section 1102 of the
Bankruptcy Code requires that the United States Trustee appoint a
committee of unsecured creditors as soon as practicable.  The
Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



ST. MICHAEL'S MEDICAL: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                                     Case No.
         ------                                     --------
         Saint Michael's Medical Center, Inc.       15-24999
         111 Central Avenue
         Newark, NJ 07102

         Columbus Acquisition Corp.                 15-25000

         Saint James Care, Inc.                     15-25001

         University Heights Property Company, Inc.  15-25003

Type of Business: Health Care

Chapter 11 Petition Date: August 10, 2015

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Vincent F. Papalia

Debtors' Counsel: Michael D. Sirota, Esq.
                  Gerald H. Gline, Esq.
                  Ryan T. Jareck, Esq.
                  COLE SCHOTZ P.C.
                  25 Main St.
                  Hackensack, NJ 07601
                  Tel: (201) 489-3000
                  Email: msirota@coleschotz.com
                         ggline@coleschotz.com
                         rjareck@coleschotz.com

Debtors'          Allen Wilen, Esq.
Financial         Thomas Buck, Esq.
Advisor:          EISNERAMPER LLP
                  111 Wood Avenue South
                  Iselin, NJ 08830-2700
                  Tel: 732.243.7000

Debtors'          PRIME CLERK LLC
Claims and
Noticing
Agent:

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by David A. Ricci, CEO and president.

List of Debtors' 21 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Center For Medicare &              3rd Party Payor     $3,466,060
Medicaid Services                     Liability
7500 Security Boulevard
Baltimore, MD 21244

Healthfirst                        Risk Pool Deficit   $1,292,555
Terence L. Byrd
821 Alexander Road
Suite 140
Princeton, NJ 08540

Cardinal Health 110                 Trade Vendor AP      $887,976
Incorporated
7000 Cardinal Place
Dublin, OH 43017

Med Realty, LLC                      Accrued Rent        $660,502
2185 Lemoine Avenue
Fort Lee, NJ 07024

National Information                Trade Accrual        $333,337
Solutions                             Estimate
Jesse
PO Box 1147
Mandan, ND 58554

District 1199J Benefit Fund         Pension/Medical      $297,000
Joseph Carpenter                      Benefit
9 Alling Street
Newark, NJ 07102

Eagle Electrical Contracting S      Trade Vendor AP      $219,925

TRIMEDX LLC                         Trade Vendor AP      $133,404

ABIOMED                             Trade Vendor AP      $125,000

Hospira Worldwide Inc.              Trade Vendor AP      $124,060

Abbott Laboratories Inc.            Trade Vendor AP       $98,937

St Jude Medical S C Inc.            Trade Vendor AP       $98,530

Jneso Professional                  Medical Benefit       $98,000
Healthcare Union

Accountable Healthcare              Trade Vendor AP       $97,331
Staffin

Medtronic USA Inc.                  Trade Vendor AP       $91,991

Implementation Management           Trade Vendor AP       $89,980
Assi

Advanced Reimbursement Mgmt LLC     Trade Vendor AP       $86,491

ST Joseph's Hospital                Trade Vendor AP       $76,125

Medline Industries Inc.             Trade Vendor AP       $75,113
  
Cerner Health Services              Trade Vendor AP       $64,543

Cardinal Health Inc.                                Combined with
Medical Products and Services                      Cardinal Above


TALON TRANSACTION: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Talon Transaction Technologies, Inc.
        5818 Lakehurst Avenue
        Dallas, TX 75230

Case No.: 15-33341

Chapter 11 Petition Date: August 14, 2015

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Harlin DeWayne Hale

Debtor's Counsel: Howard Marc Spector, Esq.
                  SPECTOR & JOHNSON, PLLC
                  12770 Coit Road
                  Banner Place, Suite 1100
                  Dallas, TX 75251
                  Tel: (214) 365-5377
                  Fax: (214) 237-3380
                  Email: hspector@spectorjohnson.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Walter Gillman, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb15-33341.pdf


TEREX CORP: S&P Puts 'BB' CCR on CreditWatch Negative
-----------------------------------------------------
Standard & Poor's Ratings Services said that it has placed all of
its ratings on Terex Corp., including S&P's 'BB' corporate credit
rating, on CreditWatch with negative implications.

"The CreditWatch placement follows Terex Corp.'s announcement that
it has entered into an all-stock merger agreement with Konecranes
PLC," said Standard & Poor's credit analyst Jaissy Lorenzo.  In
conjunction with the transaction, the combined entity (Konecranes
Terex) plans to fund a $1.5 billion share repurchase program with a
combination of free cash flow and additional debt over a 24-month
period after the transaction closes.  As a result, S&P believes
that the company's credit measures could weaken to levels that no
longer support its 'BB' corporate credit rating.  S&P also believes
that the newly announced share repurchase program could indicate a
shift to a more aggressive financial policy.

S&P expects to resolve the CreditWatch placement after it conducts
a full review of the business and financial risk profiles of the
company pro forma for the merger.  If the company's leverage were
to increase significantly because of the merger and the proposed
share repurchase program, S&P could lower its rating on the firm.
S&P will also review the company's post-merger financial policies
before it resolves the CreditWatch placement.



TRANSWORLD SYSTEMS: Moody's Lowers CFR to Caa2, Outlook Negative
----------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating
("CFR") of Transworld Systems, Inc. ("TSI") by two notches, to
Caa2, from B3, and lowered the ratings on TSI's $440 million second
lien notes, also by two notches, to Caa2.  The outlook is
negative.

Downgrades:

  Issuer: Transworld Systems, Inc.
   Probability of Default Rating, Downgraded to Caa2-PD from B3-PD
   Corporate Family Rating, Downgraded to Caa2 from B3
   Senior Secured Regular Bond/Debenture, Downgraded to Caa2
    (LGD4) from B3 (LGD4)

Outlook Actions:

  Issuer: Transworld Systems, Inc.
  Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The downgrade of the CFR to Caa2 captures the strain on TSI's
profits and liquidity caused by the abrupt changes in the
Department of Education's ("DoE") policies for remediating
defaulted student loans and for remunerating collection agencies,
and by market-share losses in TSI's healthcare segment due to poor
execution.  Moody's expects the impact from the DoE's policy shift,
which has caused revenues to fall by double-digit percentages from
a year ago, will continue to be felt through the rest of 2015 and
into 2016.  Moreover the company, with a CEO and CFO who just
joined this year, is faced with uncertainty not only with regard to
timing, but as to whether the DoE, in its new contract awards, will
even include TSI, which has performed slightly below the DoE's
standards.  With its agency student loan business winding down
(albeit over some years), and with the possibility of not winning a
new DoE contract, TSI faces serious risks in its student loan
collections business, which had represented a quarter of its
revenues and was its most profitable segment.  Even if the DoE
contract is reinstated, preparatory requirements for servicing
borrowers' elections for income-based loan remediation will delay
TSI's ability to recognize revenues for several months.

Moody's expects that TSI's revenue decline will be partly offset by
cost-savings initiatives implemented by management, such that
margins will contract moderately.  Moody's expects TSI's leverage,
which had been moderate at about 5.5 times when Platinum bought it,
will hover at above 8.0 times through 2016.  Given the sharp
revenue and profitability declines, Moody's views the company's
liquidity as weak, with free cash flow levels negative this year,
and likely negative to breakeven next year.  For the foreseeable
future, TSI will rely on its $50 million first-lien revolver to
supplement liquidity shortfalls.  Absent another credit facility
amendment, the leverage covenant on the revolver comes into effect
beginning June 30, 2016, and is applicable if 35% of the facility
is drawn.  TSI may be challenged to meet this covenant and,
consequently, revolver availability could be limited.  The Caa2 CFR
reflects elevated default risk over the next two years given the
company's weak liquidity and operational challenges.

The negative outlook reflects TSI's heightened liquidity needs,
uncertainty as to whether to DoE will renew its contract, and
operational challenges in its other business lines that need to be
met by a new management team.

Ratings could be upgraded if liquidity improves and if leverage can
moderate -- driven, most likely, by a return to revenue growth in
the healthcare and education segments, the latter due to a
reinstatement of the DoE contract.  Ratings could be downgraded if
TSI fails to be rewarded with a new DoE contract, liquidity
continues to weaken, or Moody's assessment of probability of
default rises.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.



TWIN RINKS: Aug. 31 Set as Claims Bar Date
------------------------------------------
Judge Robert E. Grossman of the U.S. Bankruptcy Court for the
Eastern District of New York established August 31, 2015, as the
deadline for all persons or entities, other than governmental
units, to file proofs of claim against Twin Rinks at Eisenhower,
LLC.

The Court also established December 6, 2015, as the deadline for
all governmental units holding a Prepetition Claim against any of
the Debtors to file proof of Prepetition Claim in the Chapter 11
Cases.

In the event the Debtors amend the Schedules after July 14, 2015,
the Debtor shall give notice of any amendment or supplement to the
holders of claims amended thereby, and holders of such claims shall
have 30 days from the date of service of the notice to file proofs
of claim and shall be given notice of that deadline.

The Court to established the later of (a) the General Bar Date (or
the Government Bar Date for governmental units), or (b) 30 days
after the date of entry of any order authorizing the rejection of
an executory contract or unexpired lease, as the bar date by which
a proof of claim for any claim arising from the Debtors' rejection
of contract or lease must be filed.

Moreover, the court ordered that the Debtor is authorized and
empowered to take such steps and perform such acts as may be
necessary to implement and effectuate the terms of this Order and
that the entry of this Order is without prejudice to the right of
the Debtor to seek further order of this Court fixing a date by
which holders of claims or interests is not subject to the Bar Date
established herein must file such proofs of claim or interest or be
barred from doing so.

                           About Twin Rinks

Twin Rinks At Eisenhower, LLC, an East Meadow, New York-based ice
skating rink operator and entertainment business, sought Chapter 11
bankruptcy protection (Bankr. E.D.N.Y. Case No. 15-72466) on June
8, 2015, with plans to sell its business and its assets as a going
concern.

The Debtor disclosed $52.4 million in assets and $55.2 million in
debt as of May 25, 2015.  

The Debtor tapped Jones & Schwartz, P.C., as counsel, and Greenspan
Associates, CPAs, as accountants.

The U.S. Trustee appointed three creditors to serve on the official
committee of unsecured creditors.  The Committee tapped Meyer,
Suozzi, English & Klein, P.C. as its general counsel.


TWIN RINKS: Files Schedules of Assets and Liabilities
-----------------------------------------------------
Twin Rinks at Eisenhower, LLC, filed with the U.S. Bankruptcy Court
for the Eastern District of New York its schedules of assets and
liabilities, disclosing:

Name of Schedule              Assets         Liabilities
----------------            -----------      -----------
A. Real Property            
B. Personal Property           $605,420
C. Property Claimed as
     Exempt
D. Creditors Holding
   Secured Claims                             $5,248,669
E. Creditors Holding
   Unsecured Priority
   Claims                                             $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                    $46,831,915
                             ------------    -----------
        TOTAL                    $605,420    $50,080,585

Full-text copies of the Schedules are available at
http://bankrupt.com/misc/TWINRINKSsal0708.pdf

                       About Twin Rinks

Twin Rinks At Eisenhower, LLC, an East Meadow, New York-based ice
skating rink operator and entertainment business, sought Chapter 11
bankruptcy protection (Bankr. E.D.N.Y. Case No. 15-72466) on June
8, 2015, with plans to sell its business and its assets as a going
concern.

The Debtor disclosed $52.4 million in assets and $55.2 million in
debt as of May 25, 2015.

The Debtor tapped Jones & Schwartz, P.C., as counsel, and Greenspan
Associates, CPAs, as accountants.

The U.S. Trustee appointed three creditors to serve on the official
committee of unsecured creditors.   The Committee tapped Meyer,
Suozzi, English & Klein, P.C. as its general counsel.


ULTIMATE ESCAPES: National Union's Bid for Summary Judgment Granted
-------------------------------------------------------------------
Judge Lewis T. Babcock of the United States District Court for the
District of Colorado granted the motion for summary judgment filed
by National Union Fire Insurance Company of Pittsburgh, PA, against
P&S LLC.

On February 13, 2013, P&S settled its lawsuit with Private Escapes
Platinum LLC, Richard Keith, the CEO of Private Escapes, and
Continental Casualty.  Keith agreed to a stipulated judgment in
P&S's favor in the amount of $450,000 and assigned his rights
against National Union under the Executive & Organization Liability
Insurance Policy # 01-317-72-99 to P&S.

As Keith's assignee, P&S then sued National Union seeking
declaratory judgment, damages, and statutory damages with respect
to benefits due, but unreasonably withheld by National Union under
the Policy.  P&S averred that National Union owed coverage to Keith
under the Policy for Executive & Organization liability coverage,
but has refused to provide coverage.

National Union sought summary judgment in its favor against P&S's
claims against it, arguing that the Policy does not provide
coverage for P&S's claims against Private Escapes and Keith
pursuant to the "Specific Entity Exclusion" which excludes coverage
for any loss in connection with any claim made against Private
Escapes or its executives.

Judge Babcock held that National Union has met its burden to prove
that the Specific Entity Exclusion applied with regard to the claim
raised against Keith in the lawsuit as a matter of law.  The judge
found that the exclusion is unambiguous in that it applies to any
loss "in connection with" any claim against Private Escapes and
Keith in his capacity as Private Escapes' executive.

The case is P&S LLC, Plaintiff, v. NATIONAL UNION FIRE INSURANCE
COMPANY OF PITTSBURGH, PA, Defendant, CIVIL CASE NO.
14-CV-00735-LTB-CBS (D. Colo.).

A full-text copy of Judge Babcock's July 29, 2015 order is
available at http://is.gd/9JndCSfrom Leagle.com.  

P&S LLC is represented by:

          Leonard H. MacPhee, Esq.
          PERKINS COIE LLP
          1900 Sixteenth Street Suite 1400
          Denver, CO 80202-5255
          Tel: (303) 291-2300
          Fax: (303) 291-2400
          Email: lmacphee@perkinscoie.com

National Union Fire Insurance Company of Pittsburgh, PA

          Edwin Packard Aro, Esq.
          Paul Wayne Rodney, Esq.
          Timothy Robert Macdonald, Esq.
          ARNOLD & PORTER LLP
          Suite 4400 370 Seventeenth Street
          Denver, CO 80202-1370
          Tel: (303) 863-1000
          Fax: (303) 832-0428
          Email: ed.aro@aporter.com
                 paul.rodney@aporter.com
                 timothy.macdonald@aporter.com

            About Ultimate Escapes

Ultimate Escapes, Inc. -- http://www.ultimateescapes.com/-- was a
luxury destination club that sold club memberships offering members
reservation rights to use its vacation properties,   subject to the
rules of the club member's Club Membership Agreement.  The
Company's properties are located in various resort locations
throughout the world.

Kissimmee, Florida-based Ultimate Escapes Holdings, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. Del. Case No. 10-12915)
on Sept. 20, 2010.  Affiliates Ultimate Resort, LLC; Ultimate
Operations, LLC; Ultimate Resort Holdings, LLC; Ultimate Escapes,
Inc. (fka Secure America Acquisition Corporation); P & J Partners,
LLC; UE Holdco, LLC; UE Member, LLC, et al., filed separate Chapter
11 petitions.

Scott D. Cousins, Esq., Sandra G. M. Selzer, Esq., and Nancy A.
Mitchell, Esq., at Greenberg Traurig LLP, served as bankruptcy
counsel to the Debtor.  CRG Partners Group LLC was the Debtors'
chief restructuring officer.  BMC Group Inc. was the Company's
claims and notice agent.

Christopher A. Ward, Esq., Shanti M. Katona, Esq., and Peter W.
Ito, Esq., at Polsinelli Shughart PC, represented the Creditors
Committee.

Ultimate Escapes estimated assets at $10 million to $50 million and
debts at $100 million to $500 million as of the Petition  Date.

As reported in the TCR on Feb. 1, 2012, the Effective Date of the
Second Amended Chapter 11 Liquidating Plan proposed by Ultimate
Escapes Holdings, LLC, et al., occurred on Jan. 3, 2012.


UTSTARCOM HOLDINGS: Reports Financial Results for Q2 2015
---------------------------------------------------------
UTStarcom Holdings Corp. reported net income of $2.8 million on
$30.7 million of net sales for the three months ended June 30,
2015, compared to a net loss of $4.6 million on $31.8 million of
net sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.5 million on $63.7 million of net sales compared to a
net loss of $7.8 million on $64.2 million of net sales for the same
period during the prior year.

As of June 30, 2015, the Company had $229.7 million in total
assets, $119.9 million in total liabilities and $109.8 million in
total equity.

Mr. William Wong, UTStarcom's chief executive officer, stated, "We
are pleased that our results for the second quarter were in line
with the expectations we laid out when we announced the
recalibration of our go forward strategy in June.  We believe this
is quite a positive start in our stated effort to focus on more
quickly making our business more nimble, efficient and profitable.
In particular, although several new products are still in the early
stages of their product life cycle, we are delighted that in the
second quarter we experienced good momentum with respect to demand
for the innovative, high-margin products that we intend to bring to
market in key markets such as Japan, the U.S. and emerging
countries.  We believe this bodes well for us and we expect to see
a corresponding positive impact on our financial performance over
time."

A full-text copy of the press release is available for free at:

                       http://is.gd/YU5OwW

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company's
headquarters are currently in Alameda, California, with its
research and design operations primarily in China.

UTStarcom reported a net loss of $30.3 million in 2014, a net loss
of $22.7 million in 2013 and a net loss of $34.4 million in 2012.


VENOCO INC: Reports Down Sales, Misses Filing Deadline
------------------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that Venoco Inc., an oil and gas driller in Southern
California, skipped the filing of its quarterly financial report,
saying sales have fallen nearly three-quarters during the period.

According to the news agency, in a report explaining the reason for
missing its financial filing deadline, the company said that it
expects oil and gas sales to be $19.3 million for the quarter
ending June 30, 71% less than during the same quarter last year.
Income hasn't yet been determined, Venoco said, adding that it
couldn't finalize certain disclosures required to make the
financial report in time, the news report said.

          *     *     *

The Troubled Company Reporter, on April 24, 2015, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on Denver-based Venoco Inc. to 'CCC+' from 'SD'.  The
outlook is negative.

At the same time, S&P raised the issue ratings on the company's
senior unsecured notes to 'CCC-' from 'D'.  The recovery rating on
these notes remains '6' reflecting S&P's expectation of negligible
(0%-10%) recovery in the event of a conventional default.


VERSO PAPER: Incurs $60 Million Net Loss in Second Quarter
----------------------------------------------------------
Verso Paper Holdings LLC filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $60 million on $778 million of net sales for the three months
ended June 30, 2015, compared to a net loss of $42 million on $321
million of net sales for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $182 million on $1.5 billion of net sales compared to a net
loss of $133 million on $620 million of net sales for the same
period during the prior year.

As of June 30, 2015, the Company had $2.9 billion in total assets,
$3.8 billion in total liabilities and a stockholders' deficit of
$869 million.

A full-text copy of the Form 10-Q is available for free at:

                       http://is.gd/rrD59B

                           About Verso

Verso is a North American producer of coated papers, including
coated groundwood and coated freesheet, and specialty products.
Verso is headquartered in Memphis, Tennessee, and owns three paper
mills located in Maine and Michigan.  Verso's paper products are
used primarily in media and marketing applications, including
magazines, catalogs and commercial printing applications such as
high-end advertising brochures, annual reports and direct-mail
advertising.  Additional information about Verso is available on
its Web site at http://www.versopaper.com/    

Verso Paper reported a net loss of $356 million on $1.29 billion of
net sales for the year ended Dec. 31, 2014, compared with a net
loss of $111 million on $1.38 billion of net sales in 2013.

                            *    *    *

As reported by the TCR on July 3, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Verso Paper
Holdings LLC and its parent Verso Paper Finance Holdings LLC to
'B-' from 'SD'.

The TCR reported on Jan. 16, 2015, that Moody's Investors Service
upgraded Verso Paper Holdings LLC's corporate family rating (CFR)
to B3 from Caa3 and changed the probability of default rating (PDR)
to B3-PD/LD from Caa3-PD.  Verso's B3 CFR primarily reflects
Moody's expectation that initial proforma leverage of about 9 times
can be brought down to mid-6 times through synergy cost savings and
cost improvements following the acquisition of NewPage, despite a
continuing structural decline in demand for coated paper.


VYCOR MEDICAL: Fountainhead Holds 70% of Outstanding D Shares
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Fountainhead Capital Management Limited disclosed in an
amended Schedule 13D filed with the Securities and Exchange
Commission that as of Aug. 10, 2015, it beneficially owned
175,840 shares of 7% Series D Convertible Redeemable Preferred
Stock, par value $0.0001, of Vycor Medical, Inc., which represents
69.68 percent of the shares outstanding.  The Reporting Person
received 5,946 shares of Company 7% Series D Convertible Redeemable
Preferred Stock par value $0.0001 as a result of a stock dividend
on the shares of Company Series D held by it.  

The Reporting Person has also separately reported the ownership of
6,431,150 shares of Company Common Stock.

A copy of the regulatory filing is available at:

                        http://is.gd/fTkPxn

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $4.04 million in 2014, a net
loss of $2.44 million in 2013 and a net loss of $2.93 million in
2012.

As of March 31, 2015, the Company had $3.23 million in total
assets, $881,000 in total liabilities, all current, and $2.35
million in total stockholders' equity.


VYCOR MEDICAL: Peter Zachariou Holds 25.7% of Series D Shares
-------------------------------------------------------------
Peter C. Zachariou disclosed in an amended Schedule 13D filed with
the Securities and Exchange Commission that as of Aug. 5, 2015, he
beneficially owned 64,868 shares of 7% Series D Convertible
Redeemable Preferred Stock Par Value $0.0001 of Vycor, Medical,
Inc., which represents 25.7 percent of the shares outstanding.  The
Reporting Person received 2,119 shares of Company 7% Series D
Preferred Stock as a result of a stock dividend on the shares of
Company Series D held by him.

The Reporting Person has also separately reported the ownership of
Warrants to purchase an aggregate of 211,239 Common Shares.

A copy of the regulatory filing is available for free at:

                        http://is.gd/VzNfC9

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $4.04 million in 2014, a net
loss of $2.44 million in 2013 and a net loss of $2.93 million in
2012.

As of March 31, 2015, the Company had $3.23 million in total
assets, $881,000 in total liabilities, all current, and $2.35
million in total stockholders' equity.


WALDRON ENERGY: Consents to Appointment of Receiver
---------------------------------------------------
On Aug. 6, 2015, the secured subordinated lender of Waldron Energy
Corporation (WDN) demanded repayment in full of all amounts owed to
them under their credit facility and gave notice of their intention
to enforce their security.  The demand of repayment by the
Subordinated Lender created a cross-default between the Corporation
and its secured bank debt lender, National Bank of Canada.  NBC
subsequently demanded repayment in full of all amounts owed to them
under their credit facility and also gave notice of their intention
to enforce their security.  Since August 6, 2015, the Corporation
has held various discussions with the Subordinated Lender and NBC
with regards to the merits of the Corporation undertaking a
restructuring proposal proceeding under the Bankruptcy and
Insolvency Act.  The intent of the proceedings would be to permit
the Corporation to sell assets or develop a corporate solution,
such as a take-over or a merger, in order to reduce its debt to an
acceptable level.  The Subordinated Lender and NBC are unwilling to
permit prior ranking interim financing during such proceedings to
pay ongoing operating, general and administrative and restructuring
costs.  As such, the Corporation has consented to the appointment
of a receiver and manager.

The Corporation announces that David Lefebvre resigned from the
Board of Directors effective
August 12, 2015.

The Corporation also disclosed it has filed its financial and
operational results for the three and six months ended June 30,
2015.  These reports are available for review at www.sedar.com

                    About Waldron Energy

Waldron -- http://www.waldronenergy.ca-- is a Calgary,
Alberta-based corporation engaged in the exploration, development
and production of petroleum and natural gas.  The Corporation's
common shares are currently listed on the Toronto Stock Exchange
under the trading symbol "WDN."


WAVE SYSTEMS: Receives NASDAQ Notice of Non-Compliance
------------------------------------------------------
Wave Systems Corp. announced that on Aug. 11, 2015, the Company
received notice from the NASDAQ Listings Qualifications Staff
indicating that the Company no longer satisfies the minimum $35
million market value of listed securities requirement as required
for continued listing on The NASDAQ Capital Market and set forth in
NASDAQ Listing Rule 5550(b)(2).  In accordance with the NASDAQ
Listing Rules, the Company has been provided a grace period of 180
calendar days, through Feb. 8, 2016, to evidence compliance with
the Rule.  In order to satisfy the Rule, the Company must evidence
a market value of listed securities of at least $35 million for a
minimum of 10 consecutive business days.  The notice has no effect
on the listing or trading of the Company's common stock on The
NASDAQ Capital Market during the 180 day grace period.

As disclosed on July 20, 2015, the Company was previously notified
by NASDAQ that, based upon its continued non-compliance with the
minimum bid price requirement, the Company's securities would be
subject to delisting from NASDAQ unless the Company timely
requested a hearing before the NASDAQ Hearings Panel.  The Company
has requested and been grated a hearing date relating to the bid
price deficiency, at which hearing the Company will discuss its
plans to evidence compliance with all applicable listing criteria,
including its anticipated compliance with the Rule within the grace
period provided by the Staff.

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

As of March 31, 2014, the Company had $8.74 million in total
assets, $17.1 million in total liabilities and a $8.37 million
total stockholders' deficit.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


ZARI MANSOURI: $50K Fee Award to Homeowners' Association Reversed
-----------------------------------------------------------------
The Court of Appeals of California, Third District, Placer,
reversed a trial court's order awarding more than $50,000 in
attorney fees to Fleur du Lac Estates Association.

The association had successfully defended an interlocutory appeal
that defendant Zari Mansouri took from a trial court ruling denying
her petition to vacate an interim arbitration award.  The trial
court subsequently awarded the association more than $50,000 in
attorney fees against Mansouri for prevailing in that appeal.

Mansouri contended that the trial court erred in awarding the
association its fees on appeal because the fee motion was
premature.  The arbitration of the dispute regarding certain
improvements Mansouri made to her property, has not yet been
completed.

The appellate court agreed with Mansouri and explained that for
purposes of determining the entitlement to a fee award, there can
only be one prevailing party in the dispute, the determination of
which must await the final resolution of the dispute.  The
appellate court further stated that "[e]ven though the Association
was the prevailing party on Mansouri's appeal relating to the
interim arbitration award, that does not mean the Association will
be the prevailing party in the dispute when it is finally over."

The case is FLEUR DU LAC ESTATES ASSOCIATION, Plaintiff and
Respondent, v. ZARI MANSOURI, Defendant and Appellant, NO. C077390
(Cal. Ct. App.).

A full-text copy of the appellate court's July 30, 2015 decision is
available at http://is.gd/rbmpP7from Leagle.com.


[*] Gov't Payment Difficulties Play Role in Healthcare Cos Distress
-------------------------------------------------------------------
Kelsey Butler, writing for The Deal, reported that the healthcare
industry has faced unprecedented changes in recent years, many of
which have led to Chapter 11 bankruptcy filings for these
patient-serving entities.  

Kansas City, Mo.-based law firm Polsinelli PC, which has been
tracking the space in partnership with TrollerBK.com, a provider of
data and court documents involving bankruptcy cases, since 2010
through its Healthcare Services Distress Research Index, is on the
verge of releasing a report that analyzes why specifically these
companies filed for bankruptcy, the report said.

According to the report, a group of 10 of Polsinelli's
professionals have spent the last six months analyzing court
documents the 83 "index companies" filed in 2014, with the hopes
that the findings could serve as a warning sign on what pitfalls
operators should avoid or what acquirers of healthcare companies
should be aware of.


[*] U.S. HY Default Rate Heading to 3% in August, Says Fitch
------------------------------------------------------------
U.S. energy and metals/mining defaults are likely to continue
through the summer as commodity price weakness keeps those
industries in the spotlight, says Fitch Ratings.  The corporate
default outlook outside of those affected by the weak commodity
price environment remains much healthier.

There are several defaults, including Alpha Natural Resources,
Hercules Offshore Inc., Samson Resources Corp. and Arch Coal Inc.,
that would likely increase the overall August trailing 12-month
(TTM) rate to 3%.

Fitch's TTM U.S. energy default rate could hit 4% in August, more
than twice its 1.9% historic average.  The TTM August metals/mining
default rate, already at 10% following Alpha's bankruptcy earlier
in the month, could jump to 15% if Arch Coal Inc. elects to file
after its distressed debt exchange (DDE) expires on Aug. 14.

"Despite the busy summer for defaults, the worst for energy and
metals/mining has not necessarily passed," says Eric Rosenthal,
Senior Director of Leveraged Finance.  "An uptick in DDEs
historically has not been a confidence builder for stable default
rates."

In addition to Arch, five energy companies completed DDEs during
the second quarter of 2015 (2Q15), including Venoco Inc., Halcon
Resources Corp., SandRidge Energy Inc., Midstates Petroleum Co. and
Warren Resources Inc.  All have debt bid at deeply discounted
levels.

Fitch finds that 35 companies did an initial DDE from 2008-2015 and
experienced a subsequent default.  The second default occurred
within one year of the DDE in 63% of those cases.  This includes
Alpha's default, just four months post-DDE.

At end-July 2015, Fitch's overall TTM default rate stood at 2.5%,
up from 2.3% at end-June.  The TTM default rates for energy,
exploration/production, and metals/mining stood at 2.5%, 5% and
7.1%, respectively, at end-July.

Excluding the energy and metals/mining sector, the July TTM default
rate is 2.3 %, due largely to Caesars Entertainment Operating Co.'s
bankruptcy filing.  Removing Caesars puts the rate at a benign
1.1%.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***